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Oasis, A Paychex® Company, is one of the nation's leading Professional Employer Organizations (PEOs), providing clients with Human Resource Services, Payroll Administration, Employee Benefits Administration and Risk Management Services. Oasis has clients in all 50 states and in many different industries. Oasis tailors its HR solutions to address specific challenges within a number of industries. To learn more, please click below.
Private equity (PE) firms typically look for chief financial officers (CFOs) who can run their “financial playbook,” helping to drive operating excellence and support strategic decisions as the company scales. The PE CFO will, therefore, be both strategic and operational, serving as a thought partner across various functional/divisional aspects of the business while implementing the systems and processes to help the company get to the next stage of growth. Unlike a controller, whose role is to report financial results accurately, a strategic CFO will be growth-oriented and look at the business “through the windshield, rather than the rearview mirror.”
This year, the U.S. Department of Labor is planning to change the federal overtime rules. Is your business prepared for changes that could make many more employees eligible for overtime pay? The salary level for employees who are exempt, or unable to earn overtime pay, is going to be reevaluated and many employers could see a rise in their labor costs. What can employers do to plan for potential changes?