DOL Raises Pay for Some Exempt Status EmployeesSchreiber, Phillip
Inform employees of their rights in the workplace. Provide contact for union representatives. Identify rules that apply specifically to local, state, and federal government agencies. Inform employees of their responsibility to pay taxes. Next Worksheet Print Worksheet 1. Which of the following is...
Current Overtime Rules and Thresholds The FLSA, amongst other things, requires that employees be paid overtime for all hours that are worked above 40 hours in a workweek. There are exemptions to these overtime rules, which allow an employer to forgo paying overtime to certain...
Under the new regulations, any employee making less than $970 per week (or $50,440 per year) will now likely be classified as non-exempt (subject to a few exceptions). This means these employees must be paid overtime for all hours worked over 40, and time ...
FEB 17: New Rules for Claiming the R&D Tax Credit — What You Need to Know The IRS recently announced new requirements for taxpayers hoping to claim the R&D tax credit. Why should you care? Because this credit has helped some Gusto customers save up to$380,000 in payroll taxes. On Feb...
Panwala said the new overtime rules may force employers, including hoteliers, to “take actions that we do not want to take, including actions that could set workers back in their careers.” “The last thing a small business owner wants to do is to lay off their employees,” Panw...
All the information presented in the rule justifying the need for urgency are factually wrong. DOL used outdated and incorrect data for computing the new wage levels. They do not consider many relevant reports and studies and put up the new wage rules that are against basic economic theory. ...
Sylvia Bokyung St. Clair
DOL says that increasing the salary level will strengthen overtime rights for 6.7 million employees, including 1.3 million low-wage employees who were denied overtime under the old rules.Aon Consulting
C. Baird BrownMulgrew, D. "DOL announces proposed revisions to FLSA regu- lations doubling the minimum salary requirement for exempt employees," National Law Review, Jul. 2, 2015, http://www.natlaw- review.com/article/dol-announces- propos...