On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act (FLSA). This final rule rescinds the Independent...
It’s that time again! Here are the minimum wage updates for 2024! We’ve organized the latest and listed them below alphabetically by state so you can scan the list and see if you need to update your payroll. Rates with an asterisk indicate that one or...
Beginning January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be: 67 cents per mile driven for business use (up 1.5 cents from 2023). 21 cents per mile driven for medical or moving purposes...
Question: Do we need to pay employees for fun, voluntary events where no work is performed? Answered by the HR Experts You are not required to pay non-exempt employees (those paid by the hour and entitled to overtime) for time spent at company functions when attendance...
Question: We would like to add a working interview to our selection process. Is this permitted and are there other options to help us finalize our selection? Answered by the HR Experts: Yes, you can have a working interview as part of your selection process, but...
It's important for businesses to have a clear and consistent payment schedule to ensure fairness and adherence to labor laws and employee expectations. Lack of structure around paychecks could throw off budgeting and financial planning processes or put a business at risk of legal issues...
Yes, but keep in mind that the value of the gift cards must be reported as wages. The IRS has a provision that allows for non-taxable "De Minimis" gifts, which allows an employer to buy an employee flowers to celebrate an achievement, occasional sporting event tickets,...
The Internal Revenue Service has announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. That's just the beginning: The IRS also has issued technical guidance regarding all the cost‑of‑living adjustments affecting dollar...
American workers are struggling to save for retirement. In fact, only 43% of non-retired adults expect to be financially comfortable in retirement, according to a 2023 survey by Gallup. That same survey reveals that nearly half (48%) of workers expect that a workplace retirement plan such...
In most cases, employees anticipate receiving a raise after working a certain amount of time at your firm — usually, six months to a year. Top performers who consistently exceed expectations expect to be paid a salary that reflects their hard work and level of...