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Today's Business Tip
U.S. Department Of Labor Releases
Long-Awaited Overtime Proposal
 
  • Word count: 325
  • Approximate time to read: 1.3 minutes @ 250 words per minute
 
The Department of Labor (DOL) has proposed an increase in the salary-level threshold for white-collar exemptions to $35,308 per year from $23,660; a ruling that would classify more than 1 million exempt workers as non-exempt and cause an increase in pay for others above the new threshold.
 
The Current Weekly Salary Thresholds:
 
  • Under the DOL’s current law, employees with a salary below $455 per week ($23,660 annually) must be paid overtime if they work more than 40 hours per week.
  • Workers making at least this salary level may be eligible for overtime based on their job duties. This salary level was set in 2004.
 
The DOL’s New Proposal:
 
  • The DOL’s new proposal would update the salary threshold using current wage data, projected to January 1, 2020.
  • The result would boost the standard salary level from $455 to $679 per week (equivalent to $35,308 per year).
 
The DOL is also asking for public comment on the NPRM’s language for periodic review to update the salary threshold. An update would continue to require notice-and-comment rule-making.
 
In developing the proposal, the Department received extensive public input from six in-person listening sessions held around the nation and more than 200,000 comments as part of a 2017 Request for Information (RFI).
 
Get More Information:
 
More information about the proposed rule is available at http://www.dol.gov/whd/overtime2019 . The Department encourages any interested members of the public to submit comments about the proposed rule electronically at http://www.regulations.gov , in the rule-making docket RIN 1235-AA20.
 
Once the rule is published in the Federal Register, the public will have 60 days to submit comments for those comments to be considered.
 
If You Are A Client Of Ours:
 
If you are a client of ours and want to know how the DOL's new proposal might affect your payroll, please contact us ASAP. Remember, the new overtime proposal is just that, a proposal; therefore, you will have plenty of time to manage your payroll prior to becoming law.
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Other Tips For You
6 Reasons Why A
Labor Tracking
System Is Important
 
Here are six key reasons why you need to automate your labor tracking methods:
 
  1. The government (DOL) requires it.
  2. You may get audited by the IRS.
  3. Ensures you pay correct wages, as well as accurate overtime.
  4. Keeps track of PTO days.
  5. Helps avoid violations of the Fair Labor Standards Act.
  6. Employees know there is an audit trail. 
 
By integrating your labor tracking and payroll systems, you’ll give your business and your employees peace of mind when it comes to payroll. It will also help if you are ever required to show your labor records for any reason.
What To Do When Someone Files A Workplace Discrimination Charge

Close to 85,000 workplace discrimination charges were filed with the EEOC in 2017 (statistics for 2018 are not yet available). When a discrimination charge is filed, the EEOC will generally notify an organization within ten days.

After the EEOC concludes its investigation, if the parties do not reach a settlement agreement, the EEOC will send the employee a “Right to Sue letter.”

The 3 Best Ways To Resolve A Discrimination Charge.

  1. Mediation
  2. Settlement
  3. Conciliation

Don’t ignore a discrimination charge. In many cases, employers opt to resolve charges via mediation or settlement to avoid costly legal fees. 
7 Tips To Streamline
Your Company’s
HR Department

Your HR department’s efficiency has a direct correlation to profitability. Having a streamlined department benefits your business. Below are seven tips to read to hep increase your HR department’s efficiency:

  1. Go paperless whenever possible.
  2. Look for new and innovative ways to do things. 
  3. Give your staff online access to their information, e.g., time off remaining, pay stubs, etc.
  4. Automate the tracking of PTO days, sick time, vacation, etc.
  5. Use an on-boarding and off-boarding software tool for new hires and terminations.
  6. Automate your time clocks and integrate the system with your payroll software.
  7. Train employees to use the company’s HR portal.
More About Quickpay Payroll
Quickpay Payroll offers a full suite of best-in-class payroll processing and administrative services that provides a single-source, comprehensive solution designed to assist all types and sizes of businesses. With decades of experience, our team streamlines the payroll process and complements it with leading-edge tools and resources that make us the trusted partner to clients in the banking, construction, restaurant and retail industries among others.

And the industry, our community and clients are taking notice. We are proud to make investments in our company that help protect yours and are honored to be recognized for our unmatched client service and innovative products and services.
Copyright © Drip Marketing, Inc. All rights reserved. Any information in this publication is solely meant to provide general information for the reader and is not intended to constitute HR, financial, insurance or legal advice.