We realize this is Payroll 101, but you'd be surprised by how many companies run afoul of this basic rule: Just because an employee receives a salary doesn’t mean he or she isn’t entitled to overtime payments.   (more…)
Fair Labor Standards Act (FLSA)
On top of making sure a pay policy is consistently applied throughout the entire company, Finance also often has the burden of making sure each and every employee understands the ins and out of that policy. (more…)
Employers are well aware of the steep fines and penalties the DOL can impose for misclassifying workers. Â (more…)
It’s official: Finance staffers will have more reporting duties moving forward. Here’s everything you need to know about the EEOC’s new final rule.  (more…)
Heads up: There's new legislation pending that could have a substantial effect on your employee salary structure. Â (more…)
Recently, it’s been the upcoming change to the FLSA’s overtime rules that’s gotten all the wage-related media attention.  (more…)
This year, employers may be surprised to find the penalty for failing to file a Form 5500 jumped all the way to $2,063 per day (up from $1,100). But that’s just the tip of the iceberg.  (more…)
Right now, you're probably hyper-focused on how the DOL's new overtime salary threshold will impact your workforce -- and that's certainly understandable. But a recent Supreme Court ruling reminds employers that overtime eligibility is based on a lot more than…
With at least 30 individual penalty triggers to worry about, some ACA compliance requirements are bound to take precedence over others. And there’s at least one ACA reg employers shouldn’t really worry about at all.  (more…)
The DOL’s prediction about the new overtime reg’s impact on exempt employees: 4.2 million workers will become non-exempt on Dec. 1, 2016. That means most firms will be dealing with the challenge of transitioning exempt staffers to a non-exempt status.…
The DOL’s new overtime rule will likely cause lots of currently exempt employees to begrudgingly begin punching a time clock. This may lead to two unintended consequences that could turn into big headaches for Finance.  (more…)
Is the DOL’s new overtime rule going to be a burden for businesses? Yes. There’s no denying that. But compared to the original proposal, there are some things to be happy about.  (more…)
