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...
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...
In November of 2018, the Department of Labor (DOL) brought an end to the 20% rule (also referred to as the 80/20 rule), giving employers more power over the wages they set for their employees. Now, the DOL is proposing amendments surrounding tip pooling. These...
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...
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...
Many employees don't give the processes behind their paychecks a second thought. Money is simply sent, through check or direct deposit, on a regular basis, rewarding staff members for their hard work and effort during the pay period.However, in order to make this...
