The Business Office has some of the most diverse hats to wear within private school administration. HR, insurance compliance, facilities upkeep, cash flows, and reports—your office is the hub of compliance and the nitty-gritty details of what makes your school tick beneath the surface.
Between the many spontaneous emergencies that crop up at the worst possible moments and the immoveable deadlines you must reach, it can be difficult to recall why you signed up for this job in the first place. But, that's why we’re here to remind you of the great parts of your job.
With the start of a fresh school year comes the opportunity to incorporate new programs and incentives for your faculty and staff. If your culture doesn’t already incorporate a mentoring program, we strongly encourage you take advantage of the new academic year to instill one. The benefits greatly outweigh the pains of initiation.
Is this your first year at a private-independent school as a brand-new Business Manager? Are you feeling overwhelmed with the start of the school year? To help you get the jump on things and stay focused on your job, here are nine items to keep in mind in your first few months in your new position. (In fact, even seasoned Business Managers would do well to keep these thoughts forefront in their minds!)
We’ve been expecting this particular overtime rule adjustment for over a year now. Finally, on May 18, President Obama published the final rule and officially increased the new minimum salary requirement. While the minimum has been lowered from a previously suggested $50,000+ annual pay to $47,476, this increase is still over twice the current effective minimum threshold to qualify as overtime-exempt. This change goes into effect on December 1, and could profoundly impact your employees’ compensation.
Here, then, are four basic questions from private-independent schools on how the new rule might affect the school community—as a supplement to advice from your school’s legal counsel, of course!
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