Feds new rule would pile lots of extra work on employers
Let your HR and Benefits staffers know they may have a significantly increased workload sometime in the very near future.
That’s because the The Department of Labor (DOL) has its sights set on updating the Fair Labor Standards Act recordkeeping requirements soon.
The DOL intends to discuss updates to the FLSA recordkeeping requirement at its upcoming Spring Regulatory Agenda.
And there’s on rule in particular that would have a definite impact on employers.
The DOL is considering a rule that would require employers to notify workers of their right under the FLSA in writing. Under this rule, employers would have to perform a written classification analysis for every exempt employee.
After an analysis is complete, the employer would have to share the information with the worker.
Companies would also be required to retain the analysis documents in the event of a DOL investigation.
Right now, employers aren’t required to provide written analyses on why its employees are exempt.
Free Training & Resources
White Papers
Provided by Anaplan
Further Reading
Much of corporate America is all-in on environmental, social and governance (ESG). Many companies voluntarily report their greenhouse gas ...
More employees feel left in the dark about pay than finance and business leaders might expect: 22% disagree and another 29% strongly disagr...
Twenty-six financial firms are on the hook for $392.75 million in fines for securities recordkeeping violations. Several of the brokers, de...
A federal ban on nearly all employee non-compete agreements (NCAs) was approved by the Federal Trade Commission (FTC) on April 23. The rule...
A California placement agency and its owners are facing a $4.4 million citation after investigators found they engaged in worker misclassif...
With open enrollment season underway, you’re probably looking for ways to offer a competitive benefits package – without blowing the bu...