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 HR Daily Advisor. The federal minimum wage is currently $7.25 per hour, although it could be raised to $15 per hour. Whether the federal minimum wage is increased, should your organization pay its employees more than the required minimum wage? This article explores the benefits and drawbacks of each option.
Via SI Live. After a spate of recent reports of excessive overtime abuse at New York's Metropolitan Transit Authority, the MTA is investigating the issue. One employee made $256,000 in overtime in 2018. Policies and time-and-attendance systems will be reviewed to determine the root cause. Get the details here.
Via Think HR. What should employers do to prepare for the anticipated January 1, 2020, effective date of new DOL white collar exemptions? This article outlines specific steps organizations should take ahead of time to ease the transition.
Via Forbes. Payroll fraud is a common issue with severe consequences, and it may be occurring more often than you realize. Often, it can occur unintentionally, but you shouldn't assume all your workers will always be honest. Here are nine keys to mitigate the risk of payroll fraud.
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