Payroll Services Archives - Triton HR Blog
Minimum wage increases in 2020

Minimum wage increases in 2020

As of Jan 1. 2020, over half of the US working force is enjoying higher minimum wages. While some remain unchanged, many states and municipalities have raised their minimum wage to as high as $15 per hour. The states that saw the highest increase were Illinois, New...
New FLSA overtime law to go into effect in January

New FLSA overtime law to go into effect in January

The U.S. Department of Labor (DOL) recently announced a new rule that will update overtime pay and minimum wage requirements under the Fair Labor Standards Act (FLSA).The update will increase salary thresholds, making more workers eligible for overtime pay. In...
Social Security Administration announces higher taxable wage cap

Social Security Administration announces higher taxable wage cap

In order to fund Social Security benefits for millions of American citizens, employee wages are taxed up to a certain earnings limit. These taxes ensure that individuals who paid into the system during their working careers can receive Social Security payouts...
U.S. Department of Labor expands mandatory overtime pay rules

U.S. Department of Labor expands mandatory overtime pay rules

After more than three years of working toward a higher salary threshold for mandatory overtime pay, the U.S. Department of Labor recently finalized and released the details of its new rule.The Society of Human Resource Management reported that this new mandatory...

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