The Fair Labor Standards Act (FLSA) and overtime regulations have been in the headlines lately, with a focus on the evolving nature of labor laws and little-known details that could surprise you. Of special note are potential changes to employment laws, now that Democrats control the House.
This month we bring you important headlines from around the web that could affect the way your company handles your payroll policies. Check out the articles below.
Via Business Management Daily. The recent midterm elections saw Democrats earn the majority in the House of Representatives. That gives Democrats more influence in setting the agenda for employment laws. While a divided Congress should reduce the chances for big legislative action, we're likely to see more regulatory activity in the coming months. What kinds of employment law changes should you expect, and how will it affect your company? Here are some early predictions.
Via Law Office of Randall P. Brett. For most employees, the Fair Labor Standards Act (FLSA) requires that they be paid overtime if they work over 40 hours per work week. But there are exceptions to the rules. On top of that, most states have their own version of the FLSA, which provides benefits above and beyond the Federal law. Confused by the constantly changing regulations? You're not alone! Here's a quick primer on overtime laws and exempt employees.
Via SHRM. Speaking of changing overtime regulations, how do you know who is exempt and who is non-exempt from overtime pay? Job titles aren’t enough to determine exempt status. Take this quiz to see how well you know the law.
Find out how Time Bank makes it easy to stay on top of overtime regulations.
Via JD Supra. In an effort to create a win-win solution for both employers and employees, the Department of Labor has extended its pilot compliance program, called the Payroll Audit Independent Determination (PAID). But not every employer is jumping into it head first. There's some uncertainty about what could happen if they self-report. To interest employers in participating in the program, the DOL has explained certain aspects of the pilot program which were previously subject to uncertainty. Get the details here.
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