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volume V issue I January 2017 |
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Virtual Reality: The Latest Recruiting Tool When applying for a job, there's a difference between visualizing yourself at a company and physically seeing yourself at that company–even if you're thousands of miles away. Thanks to virtual reality technology, the latter is becoming a possibility for candidates. Innovative companies across the globe are turning to VR to not only show off their office spaces, but also to test potential employees' skills. Products like the Oculus Rift and Samsung Gear VR allow candidates to see a 360-degree, 3D view of a space, immersing them in the day-to-day experience of a role. And VR doesn't seem to be slowing down: Deloitte Global predicts that the industry will have had its first billion dollar year in 2016, with about $700 million coming from hardware sales and around $300 million coming from content sales. Here's a look at how four major companies are using virtual reality during their recruitment processes. How to Reject a Great Applicant If a candidate does not have the necessary skills or is an obvious bad fit from the start, the rejection process is generally pretty simple. Sure, it’s never fun to tell someone “no,” but in those instances, things tend to be pretty clear cut. However, there are times when you interview someone and they are a great applicant–maybe even the perfect applicant–but, for some reason, you need to reject this applicant. Ultimately, it’s all about judgment. We’ll outline a few situations to see how and how much you should communicate when rejecting a great candidate. Read on.Holiday Gift Taxation Question: Are holiday gifts, prizes, or parties taxable wages? Answer: Employee gifts in the form of cash or gift certificates/coupons, regardless of the amount, are always treated by the Internal Revenue Service as W-2 “wages” subject to withholding taxes. In the case of a gift certificate or coupon, the tax applies to the face value of the certificate/coupon. An exception to this rule, known as de minimis fringe benefits that an employer gives to its employees, are not subject to income or payroll taxes. A de minimis fringe benefit is any property or service the value of which (after taking into account the frequency with which similar fringes are provided by the employer to its employees) is so small (typically under $50.00) as to make accounting for it unreasonable or administratively impracticable. Read on.Deductions Decoded: When Can an Employer Legally Deduct Money from an Exempt Employee's Paycheck? Employers should be very careful when deducting pay from salaried, exempt employees. Absent a specific statutory exception, exempt employees are entitled to receive their full salary during any week in which they perform work. However, under the Fair Labor Standards Act an employer may deduct pay from an exempt employee under the following specific circumstances: Read more. 2016 was the Year of the Data Breach Although every year we lament about the significance of data breaches in the past year, 2016 was by far the worst. Data breaches were rampant, victimizing every industry and numbing consumers in the process. It was so bad that consumers began to throw up their hands and say "My personal information is out there anyway. How can I protect myself?" |
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> FEATURE ARTICLE Virtual Reality: The Latest Recruiting Tool > TIP OF THE MONTH How to Reject a Great Applicant > Q & A Holiday Gift Taxation > LEGAL UPDATES Deductions Decoded 2016: Year of the Data Breach Area Temps, Inc. 1228 Euclid Avenue Cleveland, OH 44115 Toll Free: 1.866.995.JOBS www.areatemps.com |
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