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.
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. In March, the Department of Labor proposed a new overtime rule that raises the minimum salary threshold for exempt employees who are eligible for overtime pay. Over one million more Americans are expected to be affected by the change. Employers will need to consider potential changes to their compensation plans. These FAQs provide a quick overview of the proposed changes.
Via Workforce. The qualifying salary threshold for white collar overtime pay is expected to increase, but how much should the salary test matter to your company? One expert suggests the increase is irrelevant. Find out why.
Via Bloomberg. A new trend in on-demand pay may be evolving into a significant element of the payroll landscape. With on-demand pay, employers run payroll as employees request it. Get the details on this growing payroll trend, and learn about the different models that companies like Walmart are using.
Via Construction Business Owner. Studies reveal that 98 percent of capital projects experience cost overruns. Most contractors blame project execution, but you may be basing decisions on invalid data. Read how integrating your systems can help you validate your data and keep costs within their limits.
Reduce payroll costs, errors, and frustrations with IDI’s Time Bank payroll software. Check out this overview video!