As the year comes to a close, there’s a major change looming on the horizon for employers across the United States. Starting January 1, 2025, the minimum salary for most overtime-exempt employees under the Fair Labor Standards Act (FLSA) is set to rise to $58,656...
The Federal Reserve will be closed in observance of Thanksgiving Day on November 28th. Check dates on or after the holiday will be affected. Affected check dates include: Thursday, November 28th Friday, November 29th Monday, December 2nd Tuesday, December 3rd Wednesday, December 4th Please check...
Pay transparency has been getting a lot of attention. Still, many are unclear about what pay transparency actually means, how far it goes or what the results of pay transparency legislation will be. There are good reasons for this. For starters, the laws on pay transparency...
Social Security beneficiaries will see an increase in their monthly checks in 2025—2.5%. This cost-of-living adjustment, or COLA, will produce an estimated average monthly benefit of $1,976 for all retired workers in 2025, $49 a month more than in 2024. The COLA increase will be...
The Federal Reserve will be closed in observance of Veteran's Day on Monday, November 11th. Check dates on or after the holiday will be affected. Affected check dates include: Monday, November 11th Tuesday, November 12th Wednesday, November 13th Please check with your Payroll Specialist if...
Avoid the frightening reality of payroll mistakes. Payroll management is a critical function for businesses of all sizes. Accurate and compliant payroll processing is essential to ensure employees are paid correctly and on time while avoiding costly mistakes and penalties. In this article, we’ll discuss...
On August 23, 2024, the Fifth Circuit Court of Appeals vacated the DOL’s so-called “80/20/30” tip credit rule. The decision applies nationwide. In short, the rule required employers to pay tipped employees the full minimum wage—without a tip credit—for work time that was not directly tip-producing...
Question: We have an exempt employee who is going to be working part-time hours indefinitely. Do we need to switch them to hourly nonexempt or can we simply reduce their salary while keeping them exempt? Answer: You don’t necessarily need to change their classification, but the minimum...
Giving workers raises and providing employee recognition are effective ways to encourage better performance. However, many workplaces aren’t pointing out the connection between better performance and higher pay. If your business isn’t clearly demonstrating the correlation between hard work and financial wards, your investment in...
Columbus Day is a holiday in the United States that commemorates the landing of Christopher Columbus on October 12, 1492, in the New World. Columbus was a native of Genoa, Italy, and over the years Italian Americans took up the cause of honouring his achievement. In 1937 it became...