Texas adds jobs for the second straight month

by Administrator 22. December 2009 06:12

Employment in Texas may be on the rise. According to recent statistics, the state of Texas has added jobs for two straight months. 

In the month of November, employers in Texas increased payrolls by 17,300 jobs. The increase in payrolls contributed to a drop in the state unemployment rate from 8.3 percent to 8 percent. 

If you or anyone you know has been wrongfully terminated, contact the Houston wrongful termination lawyers of the Ross Law Group at 800-634-8042. 

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Albertson's to pay $8.9 million in discrimination lawsuit

by Administrator 16. December 2009 06:08

Albertson's will pay $8.9 million to 168 minority workers who have claimed they were victims of racist taunts and depictions. According to a press release, the settlement is between Albertson's and the Equal Employment Opportunity Commission. 

The Equal Employment Opportunity Commission represented workers from three different lawsuits concerning the Denver case. The settlement payout will be distributed to the 168 workers, with cash payments based on number of years of employment and the severity of the racial harm. 

If you or anyone you know has faced racial discrimination in the workplace, contact the Houston employment lawyers of the Ross Law Group at 800-634-8042. 

 

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What are restricted stock options?

by Administrator 8. December 2009 06:18

Some employers will give their employees stock options as compensation. This compensation is typically meant to tie employees interests to the employer's interests and to give the business certain income, cash flow, and tax advantages.

In some cases, employers will issue restricted stock options. These options usually include certain restrictions that do not allow employees to exercise their options until a certain time. Time limits and other restrictions are meant to ensure that employees stay at the company and do not exercise the options too early. 

If you have  questions about your compensation plans, contact the Houston employment compensation lawyers of the Ross Law Group at 800-634-8042.

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Is workers' compensation taxable?

by Administrator 8. December 2009 06:09

When employees are hurt on the job, they often receive workers compensation. This compensation may reimburse them for medical costs or lost wages related to the injury.

In some cases, these workers' compensation benefits are not taxable. This tax provision is meant to give a benefit to those who are hurt on the job and may not have the same ability to pay. 

If you or anyone you know has questions about your workers' compensation benefits, contact the Houston workers' compensation lawyers of the Ross Law Group at 800-634-8042.

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How to handle stock options if they are part of compensation

by Administrator 3. December 2009 04:35

Many employers struggle to find ways to tie their employees' incentives to the company's one term interests. One commonly used method is to offer their employees stock options.

These stock options tie employees' incentives to the company's long-term interests because the stock options usually cannot be exercised and then sold for a certain period of time. Given this, employees will likely work harder with the hope of improving the value of their stock option. 

These options, however, are not all the same. Stock options typically fall in one of two clases. They are either considered incentive stock options or non-qualified stock options. These two options usually have different impacts on both employees and employers.

If you have questions about your compensation stock options, contact the Houston employment compensation attorneys of the Ross Law Group at 800-634-8042.

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Which employer-provided benefit plan is right for you?

by Administrator 3. December 2009 04:24

Many employers offer a variety of employment plans. These plans often include either qualified or unqualified plans.

A plan is considered to be a qualified plan if it meets a number of requirements. For instance, the plan must be offered from an employer to an employee. Also, the contribution amount by either the employer or the employee is limited by a number of provisions depending on the type of the plan. 

The advantage of a qualified plan for employees is that thay will likely not be taxed on conributions or earnings until they begin to make annual withdrawls.

If you or anyone you know has questions about their employer-provided employment plans, contact the Houston employment lawyers of the Ross Law Group at 800-634-8042.

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