With all of the time your Finance department spends make sure everything pay-related gibes with FLSA standards, it's easy to see how state regs could be overlooked from time to time. Unfortunately for employers, those mistakes almost always prove…
Fair Labor Standards Act (FLSA)
CFOs are well aware of the common DOL actions for wage-and-hour violations: costly fines, penalties and extra work in the form of policy revisions, added training and compliance checks. But finance chiefs may be surprised to find some of the…
When the DOL released its 2018 Spring Regulatory Agenda, it not only offered some insight on its progress in creating a new salary threshold for overtime eligibility, it also suggested it may alter the methods in which employees’ pay is…
With the DOL poised to release a new set of changes to the overtime rules in the near future, employers’ pay practices will no doubt be under the microscope. (more…)
While the majority of industry experts expect the DOL to create a new overtime rule that sets the salary threshold somewhere in the $33K ballpark, there’s at least one person who sees a scenario where employers will have to comply…
Rounding nonexempt employees’ hours for pay purposes has always been a risky practice, and the feds have been cracking down on many firms that employ this practice. But does that mean you should avoid rounding altogether? (more…)
CFOs everywhere will likely want to double- or triple-check their job descriptions and classifications after hearing this company's unfortunate story. (more…)
The feds just gave employers more incentive to offer internship programs. (more…)
When a court ruled the Obama-era changes to the overtime rule were unconstitutional, CFOs everywhere thought that was the end of the story. (more…)
A recent court ruling officially killed the controversial changes to the Obama-era DOL overtime rule. That means Finance can officially scrub the $47,476 salary threshold from their collective memories. (more…)
Granted, any time the DOL tosses an FLSA violation accusation on your company, it’s a major headache. But when the mistake is clearly unintentional and the feds slap you with a “willful” FLSA violation, it’s a different type of headache…
If your company subscribes to the pay practice of rounding nonexempt employees’ hours to a set time, you’re certainly not alone. (more…)
