The Department of Labor doubled the salary threshold for employees to qualify as exempt. More than 4 million workers are expected to lose their exempt status. Employees covered by the Fair Labor Standards Act (FLSA) will be entitled to overtime pay.
DOL OVERTIME RULES ARE CHANGING! IS YOUR BUSINESS PREPARED TO CALCULATE AND PAY OVERTIME?
The Department of Labor doubled the salary threshold for employees to qualify as exempt. More than 4 million workers are expected to lose their exempt status. Employees covered by the Fair Labor Standards Act (FLSA) will be entitled to overtime pay.
Working remotely/virtually from either a home office, temporary office, or somewhere outside of your place of business can sound very appealing. You have plenty of time to get work done without distractions from your fellow coworkers, no constant hovering from superiors, and if you feel like it, you can grab your laptop and take off to someplace else- you’re free! But is this particular work style environment fit for everyone?
You have a business to run and we want to give you the opportunity to really focus on your business and your customers without having to worry about cutting checks, stressing over HR issues, or any other assortment of clerical and administrative tasks that can easily overwhelm and consume you.
Regardless of industry, specialty, size, or any other label or relation you use when describing your business; your business is really defined by your workforce. The people who work for your organization, fueling the engine of your business, are really what your business is made of.
Paycards Lead a Payment Revolution Study By Global Cash Card And The Center For Generational Kinetics The Top 10 Research Study Findings:
As a business owner, you may hire both W-2 employees and 1099 independent contractors. If you are like many owners, you don’t always know how to classify workers- and this can lead to compliance issues. Classifying workers appropriately is critical because employees and contractors differ greatly in terms of taxes paid, withholding requirements, workers compensation, benefits, payroll tax filings, and more.
Putting your own handbook in place or simply downloading a handbook template from the web can get you into trouble. Make sure you consult a Human Resources expert before you put something together yourself. Watch the video below to learn more.
