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July 09, 2018

Important Payroll News and Trends You Need to Know—July 2018

Important Payroll News and Trends You Need to Know—July 2018

By Kit Dickinson on July 09, 2018

payroll technologies

Organizations’ payroll technologies are aging fast, and prevailing wage scales are stuck in the 1980s. At the same time, legal cases are signaling future changes and compensation plans are about to get an upgrade. 

This month, we bring you important headlines from around the web that could affect the way your company handles payroll. Check out the articles below.

Cheesecake Factory Held Jointly Liable With Contractor for $4.2 Million in Janitorial Wage Theft Case

Via LA Times. If you hire subcontractors who are eligible for overtime wages, take note: you could be jointly held liable for workplace violations, along with the subcontractors’ employer. The Cheesecake Factory Restaurants Inc. has just been used as a test case and an example to other employers, as an investigation found that janitors at eight Southern California Cheesecake Factory restaurants worked without proper rest or meal breaks. Get the details here and see how this action could affect your company.

Changing Business Needs Place New Demands on Aging Payroll Systems

Via SHRM. HR technology industry has seen huge advances over the past few years, and companies have eagerly upgraded their systems. But when it comes to payroll systems, many companies are sticking with decade-old legacy software. Organizations have been reluctant to upgrade aging payroll systems for a handful of reasons. Get the details here and use this article to help you address those issues head-on.

See how IDI's Time Bank software can help you boost sales. 

These U.S. Workers Are Being Paid Like It’s the 1980s

Via Bloomberg News. A combination of loopholes and limits has resulted in prevailing wages of just $7.25 per hour for some construction workers. Over the past year, the U.S. Department of Labor has approved contractors to pay minimum wage for specific government-funded projects in six Texas counties. How did that happen? In more than 50 jurisdictions, the DOL’s Wage and Hour Division is relying on wage survey data from the 1980s or earlier. What does that mean for federally funded contractors? Get the details here. 

Find out how Time Bank makes it easy for construction companies to stay on top of payroll regulations.

Time to Upgrade Comp Programs

Via Human Resource Executive. Willis Towers Watson recently found that American employers are considering overhauling their employee compensation programs and plan to increase transparency about their pay practices. There are several factors that play a role. Find out more about this trend.

Long-Awaited Supreme Court Decision Strikes Down Union ‘Fair Share’ Fees

Via HR Daily Advisor. On June 27th, the U.S. Supreme Court ruled that unions representing public-sector workers can’t collect fees from employees who don’t join the union. It’s a decision that some see as a threat to the financial structure of unions that represent government workers. Find out what the implications may be for your organization.

Reduce payroll costs, errors, and frustrations with IDI’s Time Bank payroll software. Check out this overview video!

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