Long-term employees maintain a firm’s experience, wisdom and institutional knowledge. Annual or periodic raises are often a way firm’s keep employees. However, under some circumstances a long-term employee may reach the maximum amount they can earn. This is when long-term employees may begin to take their knowledge, experience and institutional knowledge elsewhere. This presentation will help administrators identify the circumstances under which salary caps occur and what a firm can do to mitigate the impact of official or unofficial salary caps.

Objectives:

  • Identify what an official salary cap is versus a circumstantial salary cap.
  • Identify the circumstances that may lead a long-term employee’s salary to reach an unspoken cap.
  • Identify ways to show appreciation to long-term employees when/if raises are not available.
  • Identify alternative compensation options when raises are no longer available.

Other Information:

60 Minutes 

Level: Intermediate

CLM® Application Credit for Functional Specialists: 1 hour in the subject area of Human Resources Management (HR) toward the additional hours required of some Functional Specialists to fulfill the CLM application. 

CLM® Recertification Credit: 1 hour in the subject area of Human Resources Management (HR) 

HRCI: General Credit 

SHRM: Relationship Management 

SHRM: Instructor-Led Activity

CLE: Participatory Credit 

Speaker:

Twyla Sketchley, JD, is Florida Bar Board Certified in Elder Law and is licensed in Florida and Montana. She was one of the Top 50 Women Super Lawyers in Florida in 2016 and 2018. Sketchley served as the President of the Academy of Florida Elder Law Attorneys in 2017, and she was the Chair of the Elder Law Section of the Florida Bar from 2012 to 2013.

Live Webcast Information
Start Time:
November 04, 2020 3:00 PM Eastern
2:00 PM Central, 1:00 PM Mountain, 12:00 PM Pacific
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Estimated Length:
1 hour
Registration Time Remaining:
354 days, 17 hours
ALA Member Price:
$109.00
Non-Member Price:
$129.00
Long-Term Employee Salary Caps
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