New Overtime Rules Compliance, Study on Nonprofit Investing Preview, HR Podcast, more
Issue No. 5, May 2016
New Overtime Rules

By Simone Putnam
Partner, Raffa Managed Human Resources

As you've probably heard by now, the Department of Labor (DOL) recently issued new overtime regulations which mean that many salaried employees earning less than $47,476 annually will automatically receive overtime pay when they work more than 40 hours in a week.
 
What are employers supposed to do? Don't panic is our first response. The DOL has given employers six months to comply with the new regulations. This is a reasonable time period (in our opinion) for organizations to make informed decisions about what the right course of action is for their organizations to be in compliance with the new regulations. 
 
Read New DOL Overtime Rules - Don't Panic! for more on what employers should be doing now to comply with the regulations.
New Podcast: People Are Your Greatest Asset. How Does Your HR Program Grow and Retain Staff?

In this Lead. Learn. Thrive. podcast episode, Raffa's Tom Adams talks with Raffa Partners Simone Putnam and Patricia Williams about the role human resources professionals play in helping great organizations thrive. Executives often say their people are their greatest asset, but too often they fail to put effective human resources practices in place to support and retain their staff. 
Budget and portfolio size of public charities participating in SONI 2016.
Preview of Study on Nonprofit Investing (SONI) 2016

By Dennis Gogarty
President, Raffa Wealth Management

Launched in 2012, the annual Study on Nonprofit Investing (SONI) seeks to meet the need for timely, relevant, actionable data about how nonprofits invest their reserves and how those investments perform. The 2016 SONI revealed nonprofit associations have generally underperformed market benchmarks, but there is a silver lining: certain organizations have benefited by keeping things simple and establishing policies to instill discipline. More than 700 nonprofits participated in 2016.

This preview offers some key findings from the SONI Associations and SONI Public Charities reports.

Tom Raffa (left) and Rich Tafel at the Shift Series in April at Georgetown.
As Tom Raffa is Recognized for Leadership, He Takes on New Challenges

At a time when Tom Raffa is being recognized as Georgetown's Alumni Entrepreneur of the Year and as Individual Making a Difference by the Nonprofit Village, he is looking ahead to how he can help other businesses "do more" (the motto of the brand he's built over the last 35 years).

In 2015, Raffa began offering consulting services to other like-minded companies who are looking to begin or bolster their own social impact efforts by integrating corporate social responsibility efforts into the core of their operations. At the same time, Tom Raffa began advising businesses in India on how to invest billions in socially responsible projects as an advisor to Vardaan.

This year, Raffa is is partnering with Rich Tafel to launch a service for both social entrepreneurs and investors looking to support those entrepreneurs. Raffa Social Capital Advisors (RSCA) is the latest branch of the Raffa family. RSCA will support social entrepreneurs seeking investment while providing impact investors the much-needed data and accountability they have long sought.

Read more on Raffa's Next Steps to Help Others 'Do More.'
Don't Miss these RLC Events!


June 9 *SPECIAL EVENT*  Is Your Retirement Plan In Sync With the Lifecycle of Your Organization? (Retirement Readiness) - DC

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Like many schools, our Learning Community will take a break this summer. Classes will resume in the fall.
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Raffa Made the List of Accounting Today's Top 15 Accounting Firm Taglines!

Accounting Today recently shared their favorite accounting firm taglines and Raffa 'Do More' was first on their list! 

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