International Foundation of Employee Benefit Plans

JUNE 11, 2024

Department of Labor (DOL) released its overtime final rule, updating the salary threshold for overtime exemptions for executive, administrative and professional (EAP) employees and highly compensated employees (HCEs). After much anticipation, on April 23, 2024, the U.S.

Overtime 89

Overtime Salary IT 89

Patriot Software

MAY 10, 2024

Starting in July 2024, four million new workers will become entitled to overtime pay, thanks to the Department of Labor’s (DOL) new overtime rule. What does this DOL overtime rule update mean for your small business? It may mean that you need to change your employees’ classification.

Overtime 87

Overtime IT Payroll 87

McDermott Will & Emery Employee Benefits

MARCH 9, 2023

Hewitt that an employee who was paid nearly $1,000 each day he worked was not exempt from the Fair Labor Standards Act (FLSA) and therefore owed overtime for the work he did.

Overtime 98

Overtime Employee Benefits Employment 98

InterWest Insurance Services

SEPTEMBER 12, 2023

Department of Labor has issued its long-awaited proposed changes to the nation’s overtime rules for American workers, proposing to increase the threshold for exempt status by more than 50% to $55,000. You’ll also have to put in place systems for tracking their hours worked, including overtime.

Overtime 88

Overtime Salary Benefits Package Employment 88

Patriot Software

JUNE 28, 2021

Federal and state laws both provide regulations regarding overtime. So, how do you calculate PTO, especially if an employee earns overtime? And, does PTO accrue on overtime? Having employees comes with rules from the government. And, some states require employers to provide some form of paid time off (PTO).

PTO 96

PTO Overtime Employment Government 96

Patriot Software

SEPTEMBER 13, 2022

And when it comes to you paying tipped employees overtime, things can get a little more complicated. So, are you using the correct overtime rate for your employees who receive tips? One major blunder small business owners make is not paying their tipped employees the correct wages.

Overtime 93

Overtime IT Payroll 93

Employee Benefits

JANUARY 16, 2024

Four-fifths of Gen Z employees would rather work overtime than reduce their workload and see their pay decrease, according to research by Resource Solutions. It found that Gen Zs work, on average, 27 hours overtime per month, the equivalent to nearly seven hours of unpaid work per week and 13.5 extra days per year. extra days per year.

Overtime 105

Overtime Employee Benefits Employment Management 105

Business Management Daily

JULY 11, 2022

When this happens, you may need to have your employees work overtime. Overtime can also be necessary when your business is short-staffed. Since many industries are currently experiencing a labor shortage, overtime is becoming increasingly necessary for the continued operation of businesses. Generally, yes.

Overtime 86

Overtime Employment Healthcare Taxes 86

BerniePortal

AUGUST 30, 2023

It’s here, the news we have all been waiting for: the Department of Labor (DOL) has proposed the new overtime rule threshold guidance for employers.

Overtime 97

Overtime Employment 97

McDermott Will & Emery Employee Benefits

DECEMBER 28, 2021

The post Tenth Circuit Compels Arbitration in Overtime, Joint Employer Case appeared first on EMPLOYEE BENEFITS BLOG. According to this Law360 article, the Tenth Circuit ruled that the inspector was trying to play “fast […].

Overtime 98

Overtime Employment Employee Benefits 98

Patriot Software

OCTOBER 4, 2022

To protect employee rights, the Fair Labor Standards Act (FLSA) regulates overtime. But, some employees are exempt from receiving overtime pay. If you offer commission pay to employees, you might be wondering if they are exempt from overtime. What are your responsibilities when it comes to commission employees and overtime?

Commissions 78

Commissions Overtime IT Payroll 78

BerniePortal

JUNE 3, 2021

The ins and outs of overtime policies can get tricky. From federal government regulations and exempt vs. non-exempt status to everything in between, find out what employers need to know about OT compliance in the workplace using these FAQs.

Overtime 96

Overtime Government Employment 96

BerniePortal

DECEMBER 16, 2021

In a regulatory agenda published on December 10, the Department of Labor announced its intention to review and update Fair Labor Standards Act regulations regarding the overtime threshold. Find out more about the announcement and what it could mean for your organization in 2022.

Overtime 96

Overtime IT 96

InterWest Insurance Services

MAY 21, 2024

Department of Labor has issued a final rule increasing the federal salary threshold for overtime exemptions by 65%, with the full increase starting in 2025. A salaried bona fide executive, administrative or professional employee must earn that amount or more if an employer wants to exempt them from federal overtime requirements.

Overtime 72

Overtime Salary Payroll System Benefits Package 72

PayrollOrg

FEBRUARY 24, 2023

Supreme Court ruled that a highly compensated employee was owed overtime under the Fair Labor Standards Act since he was paid a daily rate and not on a salary basis.

Overtime 104

Overtime Salary 104

Patriot Software

OCTOBER 20, 2022

Even if you pay an employee a salary, you might owe them overtime wages. Learn how to calculate overtime pay for salaried employees correctly. When are salaried employees eligible for overtime pay? And, check out step-by-step examples. There are two types of employees: exempt and nonexempt.

Overtime 80

Overtime Salary Payroll 80

Workplace Insight

APRIL 30, 2024

Two-thirds of people surveyed say they regularly work unpaid overtime, on average an extra two hours per week, equating to 14 working days per year. Those working in the education and HR sectors undertake the most unpaid overtime; at an average of 15 days per year.

Overtime 83

Overtime Education Recruitment IT 83

Patriot Software

OCTOBER 17, 2022

If so, you need to be aware of overtime pay laws and how they can affect your business. The Fair Labor Standards Act (FLSA) established overtime pay rules, along with minimum wage, child labor laws, recordkeeping, and more. Take a look at the overtime pay laws you need […] READ MORE.

Overtime 76

Overtime Payroll 76

Patriot Software

OCTOBER 13, 2022

Does that employee work overtime? If the answers to these questions are yes, you need to know about weighted overtime. Weighted overtime is common in small businesses that pay multiple pay rates to an employee. Do you have an employee who has two or more positions in your business with different pay rates?

Overtime 78

Overtime Payroll 78

HR Digest

NOVEMBER 19, 2024

Department of Labor has been thwarted in its attempt to expand the overtime rule after accusations of exceeding its authority. For now, the 35k overtime salary threshold remains as it was before the DOL attempted to increase it to $43k. Image: Freepik What Is the Overtime Rule under the FLSA? This is not covered by the FLSA.

Overtime 52

Overtime Salary Employment IT 52

HR Lineup

APRIL 2, 2024

However, amidst the flexibility and convenience of remote work, questions often arise regarding overtime rules and regulations for these contractors. Understanding the intricacies of contractor overtime is crucial for both contractors and the businesses that hire them.

Overtime 52

Overtime Government Software Construction 52

PayrollOrg

JANUARY 25, 2022

The APA Government Relations Task Force Federal Issues Subcommittee wrote to the House Committee on Education and Labor in November to oppose a bill proposing to change the workweek from 40 hours to 32 hours before overtime pay is required.

Overtime 197

Overtime Government Education 197

Patriot Software

APRIL 13, 2023

If you use semimonthly pay periods and have nonexempt employees who work overtime, read on. We’ll break down calculating overtime for semimonthly pay periods (complete with examples!). Eighteen percent of businesses pay employees semimonthly. What is a semimonthly pay period?

Overtime 67

Overtime Employment Payroll 67

Darwinbox

DECEMBER 2, 2024

Learn about overtime pay in the Philippines, including legal rates, computation, and employee rights. Stay informed about fair compensation practices.

Overtime 69

Overtime 69

Employee Benefit News

FEBRUARY 9, 2024

Rebel's Guide to Management found that Americans worked a collective 46 billion extra hours without pay in 2023.

Overtime 93

Overtime Management 93

PayrollOrg

NOVEMBER 8, 2024

The Colorado Supreme Court ruled that holiday incentive pay must be included in the calculation of the regular rate of pay.

Overtime 104

Overtime 104

PayrollOrg

MAY 31, 2023

PayrollOrg’s Government Relations Task Force State and Local Topics Subcommittee offered concerns and recommendations about Missouri S.B.

Overtime 104

Overtime Taxes Government 104

BerniePortal

APRIL 23, 2024

The DOL has announced that it will publish a final rule raising the FLSA’s overtime salary threshold. The news we’ve all been patiently (or impatiently) waiting for is finally here!

Overtime 52

Overtime Salary IT 52

Employee Benefit News

SEPTEMBER 29, 2022

(..)

Overtime 112

Overtime Insurance Employee Benefits Management 112

HR Professionals Magazine

JULY 5, 2024

The post How the DOL’s New Overtime Rule Could Impact Employee Benefits appeared first on HRProfessionalsMagazine.

Overtime 52

Overtime Employee Benefits 52

Money Talk

JULY 21, 2022

Specific ways to increase income include a new job, a promotion, overtime, a second job, and a “side hustle” (freelancing). Conversely, if the inflation rate exceeds an increase in income, purchasing power decreases and people can afford fewer goods and services.

Finance 245

Finance Overtime Insurance Food 245

Patriot Software

MAY 2, 2024

Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). To run payroll correctly, you need to be familiar with exempt employees. What is an exempt employee?

Overtime 102

Overtime Payroll Human Resources 102

PayrollOrg

JANUARY 17, 2022

APAs Guide to Federal and State Wage & Hour Laws provides information on federal and state laws governing minimum wages, overtime, exempt vs. nonexempt employees, child labor restrictions, and much more. APAs Guide to Federal and State Wage & Hour Laws. The Payroll Source Study Guide, 2020-2021.

Electronics 197

Electronics Payroll Taxes Online Payroll 197

Employee Benefits

APRIL 17, 2024

With the cost-of-living crisis enduring, employees from some sectors are likely to be seeking additional hours, usually through taking on overtime. We gave employees in stores and plants an incentive to finish their work on time, whereas premium overtime rates provided an incentive for them to work as long as possible,” he says.

Health and Welfare 122

Health and Welfare Overtime Management Bonuses 122

InterWest Insurance Services

MARCH 4, 2022

That includes requiring staff to show they take meal and rest breaks and are compensated for overtime when they are asked to work extra hours. These apps also help you keep track of any overtime they may work. Don’t run afoul of overtime laws. Carefully monitor any and all overtime your staff logs.

Overtime 98

Overtime Work From Home Employment Management 98

Employee Benefits

MAY 29, 2024

An overtime ban and an end to working voluntary appointments is planned from 1 to 18 June, and from 20 to 30 June. An overtime ban will result in maintenance work that occurs at the weekend being undertaken during the working week, while voluntary appointments ensure the site meets the delivery targets in its lifetime plan.

Overtime 105

Overtime Employment Engineering Employee Benefits 105

Global People Strategist

SEPTEMBER 12, 2023

Normal Working Hours According to the local labor law, employees can typically work eight hours per day and may not exceed this limit unless doing overtime. All employees can work a maximum of 40 hours per week (excluding overtime) in a typical 5-day work week. More so, the overtime period cannot exceed four additional hours per day.

Overtime 93

Overtime Employment Government IT 93