Remove 2027 Remove Compensation Remove Payroll
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FLSA Overtime Rule Update

COATS Staffing Software

The annual compensation requirement for highly compensated employees will also increase to $151,164 on January 1, 2025. July 1, 2027 : The threshold will increase again, and there will be another increase every three years. Compliance Challenges: Ensuring accurate time tracking and payroll processing becomes even more critical.

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Fixing payroll to boost engagement. Plus, news from ADP, Gartner and more

HRExecutive

As payroll systems become more digital and automated, employees are increasingly disconnected from understanding their paychecks. This suggests that HR needs to ensure employees are paid correctly and fully understand the details of their compensation. Payroll accuracy remains top priority Payroll precision is another major concern.

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2024 Mid-Year Legal Updates: Understanding the New Federal Overtime Rule 

MP Wired For HR

Meal and rest periods: Short breaks are usually not compensable, but longer meal periods may be compensable if employees are required to be on duty or at the employer’s premises. Travel time: Travel time to and from work is typically not compensable. However, travel time during the workday is often compensable.

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Employment laws are changing. How tech can create a ‘culture of compliance’

HRExecutive

Human resource management systems (HRMS) centralize employee information, enabling accurate maintenance of compliance-critical data such as payroll, benefits and leave management. By analyzing key metrics, such as employee compensation and training status, HR leaders can proactively address compliance needs to avoid adverse legal problems.

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What are the Implications of the Rising Gig Economy for Payroll and HR?

Immedis

Before jumping into a discussion about how the gig economy will impact payroll processes, let’s start by clarifying what is meant when we talk about the gig economy. It is expected that more than 50% of the workforce will be involved in the gig economy by 2027. What does it mean for payroll and HR? In 2020 they generated $1.2

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Charter and Independent Schools Prepare for the Latest Federal Overtime Pay Rule

Extensis

As a result, charter and independent schools must evaluate their pay strategies to meet industry standards, preserve fair compensation among staff members, and maintain compliance with the ruling. Under the new rule, the total yearly compensation rate to be considered a HCE will rise to $132,964 by July 1, 2024.

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DOL Exempt Minimum Salary – Now What?

Affinity HR Group

In April 2024, the US Department of Labor (DOL) announced its long-anticipated change to the “white-collar” exemptions (Executive, Administrative, and Professional or EAP) and Highly-Compensated exemptions. The Highly-Compensated salary was based on the annualized weekly earnings of the 85 th percentile of full-time workers nationwide.