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NEWSLETTER

HR Partners serves as our clients' eyes and ears for changes to employment laws and regulations. If you have concerns about compliance, interest in a risk audit, or just have questions, contact us!
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  • Changes to overtime rules are predicted to affect almost 5 million hard-working Americans.
  • What would the rule address? The DOL's proposed rule updates the overtime regulations under the Fair Labor Standards Act. It is specifically intended to address the executive, administrative, and professional (white collar) and highly compensated exemptions from minimum wage and overtime pay protections. For the first time, the DOL is proposing to include a mechanism to automatically update the salary and compensation thresholds on an annual basis using either a fixed percentile of earnings for full-time, salaried workers or the Consumer Price Index.
  • Who's eligible for overtime protections under the new rule? The DOL updated these regulations in 2004 with a minimum salary threshold of $455 per week, $23,660 per year, for the white collar exemptions. Under the new rule, the DOL is suggesting the minimum salary level for these exemptions be set at the 40th percentile of earnings for full-time salaried workers, estimating a 2016 level to be about $970 a week, or $50,440 a year. A new minimum annual compensation needed to qualify for the highly compensated exemption is proposed to be set at the 90th percentile.
  • When will these changes take effect? The new rule is officially in a public comment period through September 4, 2015, when interested parties are invited to provide feedback. After the feedback period, the DOL will review all the responses and issue a final rule which would include an effective date. While the final rule is expected in early 2016, there is no mandatory deadline. The effective date will likely be within 60-90 days of the publication of the final rule.
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ARE YOUR EMPLOYEES CLASSIFIED CORRECTLY?

What is the definition of an "employee"? The US Department of Labor addressed that question this month in response to continued complaints from workers alleging misclassification. HR Partners can help you navigate through the Employment Classification laws and make sure all your employees are classified correctly!

Find out what the legal experts at Fisher & Phillips have to say HERE.
A major portion of the ACA has been upheld by the Supreme Court for a second time. As an employer, what do you need to know? Learn more HERE.

In case you aren't following us on Facebook or Twitter and missed the announcement, we have a new website! Please visit us at www.GoHRP.com to learn more about HR services or to ask us questions regarding the growth of your business.
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