In case you missed it, the IRS is raising the mileage reimbursement rate from the current 50.5 cents to 58.5 cents starting July 1, 2008. “Rising gas prices are having a major impact on individual Americans,” said IRS Commissioner Doug Shulman. “Given the increase in prices, the IRS is adjusting the standard mileage rates to better reflect the real cost of operating an automobile.” Keep this new rate in mind if you have any candidate offers going out soon. You will want to adjust the mileage reimbursement as this is a very hot topic among outside sales candidates today…along with telecommuting.
Continue ReadingGarden-Leave Clauses
Proprietary information is a nuclear topic when dealing with salespeople who are leaving a company. Product info, service plans, actual costs vs. pricing are all hot topics. But for sales, the one thing that keeps managers up at night is the security of the customer list. We see many companies who desire to hire a salesperson from the competition with the expressed hope that the salesperson will bring customers with them. Quick note-it rarely happens, but that doesn’t stop companies from focusing their hiring strategy. CNNMoney.com provides an article that discusses the legalities of this approach. In the article is a phrase that I have not encountered before – garden-leave… Read More
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