LAW UPDATE The Department of Labor (DOL) has updated regulations issued under the federal Fair Labor Standards Act (FLSA) that impact pay rates, employee classification, and overtime eligibility within the next two months. THINK FAST! For non-pastoral*, salaried church employees, pay may have just gotten...
While there are different rules in each state, the Family Medical Leave Act (FMLA) applies to every business that operates in the United States. Even if you don’t think this law applies to you, it’s important to learn about FMLA notification requirements and eligibility rules. As...
According to a Department of Labor release, a newly issued rule increases the salary threshold required to exempt a salaried bona fide executive, administrative or professional employee from federal overtime pay requirements. The release states, "Effective July 1, 2024, the salary threshold will increase to the equivalent...
WASHINGTON The IRS encourages taxpayers to use the IRS Tax Withholding Estimator to ensure they’re withholding the correct amount of tax from their pay in 2024. This digital tool provides workers, self-employed individuals and retirees with wage income a user-friendly resource to effectively adjust the amount of...
The Baby Boomers, Generation X, millennials, and Generation Z, who make up most employers’ workforce, have different situations and benefit needs. That’s why increasing numbers of employers are looking beyond a one-size-fits-all plan to a multi-generational benefit plan. KNOW YOUR DEMOGRAPHICS The first step in moving...
Staff development is the key to forward motion in any organization. If your people are your greatest asset, then their growth and success are your organization’s growth and success. When they stop growing, you can almost guarantee organizational growth will come to a screeching halt,...
Worker productivity has been in the headlines recently. One reason is the easy access employers have to the many technologies that can monitor employees — from software that tracks when an employee swipes their badge at work to software that notes how long someone is...
The pay stub can be referred to as a pay or wage statement and may be considered the decoder ring of payroll. Pay statements summarize employees’ gross pay, taxes and deductions, and net pay. They can be in printed format or made available electronically. Pay stubs...
Are you thinking of an IRA rollover? Getting these three rules right is critical if you want to avoid a big tax bill. THE 60-DAY RULE Your rollover must be completed within 60 days of withdrawal, or it’ll be taxable. You’ll also get hit with a...
Are you using an AI tool to help you with your work tasks? Have you considered doing so? If so, read on. There are advantages to be had and risks to note. According to a Glassdoor report, in the year after the launch of ChatGPT, usage...