HR Digest

AUGUST 1, 2024

Employees who are nonexempt are entitled to be paid the minimum wages at the least and they can also claim overtime pay for any work that goes beyond their contracted hours. As of July 1, 2024, employees have to earn more than $844 USD per week or $43,888 per year to be classified as exempt employees. What is an Exempt Employee?

Overtime 52

Overtime Salary Commissions Taxes 52

Higginbotham

MARCH 28, 2024

These workers are usually paid hourly and are eligible for overtime pay and minimum wage protections due to the nature and hours of their work. Wage and Overtime Pay Requirements for Non-Exempt Employees Under the FLSA, non-exempt employees are entitled to a minimum wage of at least $7.25

Family and Medical Leave Act 52

Family and Medical Leave Act Overtime Deductible Deductions 52

COMPackage

OCTOBER 10, 2024

Key Components of a Total Compensation Report A Total Compensation Report (TCR) should provide a clear and concise overview of an employee’s compensation package, including: Direct Pay: This includes the employee’s base salary or wages, as well as any bonuses, commissions, or overtime pay.

401(k) 40

401(k) Retirement Plan Health Insurance Disability Insurance 40

Higginbotham

JULY 25, 2023

EEOC Delays 2022 EEO-1 Reporting Until Fall 2023 On June 29, 2023, the Equal Employment Opportunity Commission (EEOC) announced that the date for employers to begin submitting 2022 EEO-1 Reports is delayed again, this time with a tentative new opening date in the fall of 2023. Proposed Overtime Rule Pushed to August 2023 The U.S.

Overtime 52

Overtime Health Insurance Insurance Medical 52

Higginbotham

MAY 31, 2024

Requirements for Employees Businesses must comply with FLSA wage and hour laws, including minimum wage and overtime requirements, as well as state requirements for employers. Because independent contractors are not covered under the FLSA, businesses are not required to pay them minimum wage or overtime pay.

Life Insurance 52

Life Insurance Taxes Overtime Insurance 52

Proskauer's Employee Benefits & Executive Compensa

MARCH 16, 2023

Under some of these laws, payment of certain kinds of wages ( e.g., overtime wages) can be delayed until the following regularly scheduled pay day, but only if the wages cannot be computed in time with reasonable diligence. Here, however, the issue is likely not one of computation—but of availability of funds.

Banking 52

Banking Payroll 401(k) Health and Welfare 52

Bayzat

JUNE 2, 2024

Also, SIF is a compulsory tag-along document for salaries, so you don’t need to fill one out for commissions, gratuities, and bonuses. This part is crucial if the employee has variable pay, i.e., bonuses and overtime. For example, if the SIF was created on April 9, 2024, the date will be 240409.

Payroll Manager 52

Payroll Manager Payroll Banking Salary 52