Paychex’s Post

PSA Business Owners: The new USDOL’s Final OT Rule increases the salary threshold ... Employers might need to do comprehensive salary reviews, consider reclassifying workers, and develop a policy on overtime." --- The great thing is PAYCHEX can help with that! Message me today to find out how!

Most companies aren’t up to date on their handbook or meeting state compliance with payroll & retirement. Feel free to reach out if you’d like to discuss what this looks like for you and your business.

The new U.S. Department of Labor's Final #OTRule increases the salary threshold for Executive, Administrative, and Professional exemption – and the next increase in January 2025 is nearly $14,000. Employers might need to do comprehensive salary reviews, consider reclassifying workers, and develop a policy on overtime. Tammy Tyler MBA, SHRM-SCP, Manager of Employment Law Compliance at Paychex, discusses the details on #PaychexThrive, a Business Podcast, and shares how communication and training are key in the process. 🎧 Watch or listen today: https://bit.ly/3zwUhMM

Last week, two important legislative updates occurred that can have implications on the tech staffing industry: 1. FTC Announces Rule Banning Noncompetes https://hubs.la/Q02vyygT0 2. DOL Announces Final Overtime Rule Increasing Salary Levels for White- collar Employees https://hubs.la/Q02vyNp-0 Learn how these rulings might affect your firm and contact TechServe Alliance's Government Affairs team with any questions. #techstaffing #staffinglegal #FTC #noncompete #overtimerule #overtimepay

Did you know that the Department of Labor has recently updated overtime-exempt employee salary thresholds? Don't miss out on this crucial information that could affect your business. Stay in the know and stay compliant! For more information head to our blog or contact one of our attorneys today: https://lnkd.in/ecKvqKQM #WordenThanePC #LaborLaw #OvertimeRegulations #HRUpdate #Compliance #EmploymentLaws

In the world of employment law compliance, staying informed is essential. With regulatory changes happening all the time, it's crucial to keep up-to-date and ensure that your business is compliant. One of the most significant updates in recent years is the adjustment of the overtime rule threshold, which impacts millions of American workers and numerous industries. Don't forget to make sure your employees are receiving the compensation they deserve. If you need assistance managing this new rule, please don't hesitate to reach out. #EmploymentLaw #OvertimeRule #Compliance #PeopleStrategiesLLC

Here are THE five biggest workplace-related misconceptions I continue to hear about over and over again from business owners: 1. "We don't have to pay overtime since they are on salary!" 2. "We are a small business. So, we don't need to comply with the law." 3. "No one has ever complained/sued us/audited us. So, we are fine (i.e. in compliance)!" 4. "He/she wanted to be a 1099. So how can he/she/the government now claim he/she was a W-2?" 5. "We will countersue because this is a frivolous claim!" There are many more, but these are the most common ones I have heard over the years and continue to hear today. #HR and #employmentlaw counsel, care to add anything to the list? #employmentlaw #laborlaw #workplacelaw #TheWorkplaceLawfirm

Make a plan ‘right now’ for $55K #Overtime rule, attorney says "It’s time for human resources professionals to devise a plan for coping with a potentially drastic increase to the Fair Labor Standards Act’s overtime threshold, a Cozen O’Connor attorney said Thursday. Employers should consider “right now” how they would tackle a change that could increase the FLSA’s regulatory salary threshold for overtime eligibility from about $35,000 to about $55,000, Mariah Passarelli, member of the firm, said during a virtual conference. The U.S. Department of Labor proposed that change in August and is accepting stakeholder comments through Tuesday." Read more: https://ow.ly/BhpP50Qnvh7 via HRDrive Cozen O'Connor #HumanResources #LaborLaws #Hospitality #HospitalityLaw #HospitalityIndustry

🚨 In May, two pivotal employment laws were announced, leaving executives across the U.S. considering the business implications. 🔹 First, new salary thresholds for exempt employees may make many more employees eligible for overtime. 🔹 Second, the FTC's prohibition of non-compete agreements impacts an estimated 30 million workers. 🔍 Join us for an Ask the HR Expert event where our panel of HR professionals will discuss the updates and nuances of each legislative amendment and the potential implications for your business operations. We'll suggest practical strategies to ensure compliance with these new regulations. 📅 Don't miss this opportunity to stay ahead. Register today! https://ow.ly/YeLZ50Su1EM #BusinessOperations #WorkplaceRegulations #BusinessCompliance #HRUpdates #HRCompliance