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Preparing for Upcoming FLSA Changes: Revisiting the FLSA, and the Importance of Complying with Overtime Regulations

MP Wired For HR

On August 30, 2023, the US Department of Labor (DOL) finally released their long-awaited proposal for updating the FLSA. This includes increasing the minimum salary that an exempt employee must earn to avoid overtime eligibility to nearly $55,000 per year. Who Enforces the FLSA?

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What are Essential Things to Know About Wage and Hour Compliance for Your Business

InfoMart

BLOG What are Essential Things to Know About Wage and Hour Compliance for Your Business Guest Post August 29 2023 Maintaining wage and hour compliance is crucial for businesses to provide fair and legal employment practices. Federal, state, and local minimum wage laws You’ll undoubtedly be familiar with the need to pay staff minimum wage.

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The High Cost of Payroll Errors: What to Know and How to Prevent Them

Netchex HR Blog

A recent study about payroll and payroll errors by Ernst & Young , a multinational accounting firm, surveyed over 500 companies (from 250 to 10,000 employees) and found that: Individual payroll errors cost an average of $291 to fix. How much time do payroll errors take away from other HR tasks?

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401(k) Nondiscrimination Testing: A Simple Guide for Improving Your Results

ForUsAll

What consequences could it have for your business, and how do you avoid them? Failing to meet the IRS’s standards can mean fines, penalties, and bureaucratic headaches. . Often, this means either the Department of Labor (DoL) or the Internal Revenue Service (IRS). 401(k) nondiscrimination testing – what the heck is it?

ADP 66
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Burdens Created by New Leaves of Absence

HRWatchdog

Even in the face of the coronavirus pandemic and a historic economic shock, the Legislature is considering legislation to increase the cost on employers of maintaining workers on the payroll. Also, it’s not that easy just to provide the leave and avoid a lawsuit. That is why these bills have been tagged as Job Killers.

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How a Payroll Provider Can Help You Maintain Compliance

Hireology

Rather than using a standalone payroll solution, an integrated payroll and talent management provider comes equipped with all the tools and reports needed to maintain compliance. Below, we’ve outlined several compliance regulations the right payroll provider can help you track. Payroll & Tax Compliance.

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Best Practices for Your Dealership to Maintain Employee Compliance

Hireology

Rather than using a standalone payroll solution – or several solutions for different HR tasks – partnering with an integrated hiring and and talent management platform gives your dealership all the tools and reports needed to track compliance. Payroll & Tax Compliance. Fair Labor Standards Act (FLSA) Compliance.