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Today, GMS celebrates a huge milestone with the signing of our 1,000th client.

When GMS was started, Bill Clinton was in office, a gallon of gas cost $1.22 and Michael Jordan had won his fourth NBA title. Twenty years later, in 2016, we have another Clinton running for office, gas prices have doubled and the Cavs are the reigning champs. A lot can change in 20 years, and a lot has changed at GMS.

In 1996, Mike Kahoe started GMS as a one-man show. Prior to that, he had worked for a temp agency for construction workers. Kahoe began to notice a trend in companies relying on a workforce made up of temps alone to avoid having to deal with workers’ comp, payroll and benefits. Not being familiar with the Professional Employer Organization industry, he floated the idea to start his own company to handle these functions of a small business.

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Update: Federal judge blocks overtime rules a week before they take effect. Learn more in our new post.

As a small business owner, it is crucial that you stay current on the latest government regulations affecting your business and employees. Effective Dec. 1, 2016, the salary threshold for overtime eligibility will increase from $23,660 to $47,476. This means that anyone earning a salary under the new threshold will now be eligible for overtime pay for any time worked beyond 40 hours in a week. 

The Department of Labor estimates there will be approximately 4.2 million workers affected who will now be eligible for overtime. Business owners must reevaluate their current workforce to meet the new requirements. The Department of Labor will automatically update the salary threshold every 3 years moving forward to match the 40th percentile of earnings of full-time salaried workers in the lowest-wage Census Region. 

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Whether your company is growing or you are simply filling an open position, the hiring process can be painstaking for any business owner. Where do you start? Should you post a listing to online job sites? Should you place ads around the local university? Do you set up a booth at a job fair?

Hiring the right people is not an easy task. It can be a lengthy process that takes away from other priorities, like growing your business. It takes an average of 52 days to fill an open position, according to a recruitment study from Bersin by Deloitte.

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