Month: January 2014

Compensatory time off

Some firms use compensatory time off to compensate employees for working more than their scheduled hours.  For non-exempt employees compensatory time cannot be awarded to the employee in lieu of overtime, even if the employee requests it.  The Ohio law is very clear that any time worked in excess of 40 hours in seven consecutive… Read more »

Consumer Debt is Climbing Again

While consumer spending can be a stimulus to the overall economy, mounting consumer debt can also slow future spending and be a drag on a recovering economy. The latest statistics from the Federal Reserve of New York show that U.S. household debt rose 1.1% in the third quarter of 2013 to $11.28 trillion.  That is… Read more »