Today, we’re sharing an important update for the business leaders in our network. The Department of Labor (DOL) recently announced some major changes under the Fair Labor Standards Act (FLSA) on April 23, 2024. These changes are set to reshape overtime pay requirements and might even shake up business operations. To help, we are sharing a few key facts about this regulatory change as well as three steps that business owners may want to take. For personalized guidance, do not hesitate to give the office a call. We are here to guide you and your business through these changes.
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OSHA and employment lawyer | helps employers avoid or minimize OSHA citations (200+ fatalities) | strategic management of employment law compliance and litigation | Board Certified | Client Service All-Star (BTI)
Employers have more legal risk on the horizon. The DOL move here will make misclassifying workers even more hazardous. No business should make a decision on exemptions without fully analyzing and understanding whether an employee's position has both the required primary duties and the minimum (and soon to be much higher!) salary basis. Follow Dee Anna Hays for more updates and her thoughts on this breaking news!
Board Certified Labor & Employment Lawyer for Businesses, State Legislative Affairs Director for HR Florida
Legislative Update - The U.S. Department of Labor today announced a notice of proposed rulemaking that would increase the Fair Labor Standards Act's annual salary-level threshold to $55,068 from $35,568 for white-collar exemptions to the Act's overtime requirements; for Highly Compensated Employees, to $143,988 from $107,432. The proposed rule also includes automatic increases to the threshold amounts every three years. A link to the official announcement is included in the comments below. HR Florida State Council, Inc. HR Tampa #employmentlaw #legislativeupdate #flsa #overtime
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#businessowner #smallbusiness #entrpeneur The July 1st deadline is upon us. Are you ready? Please follow PrestigePEO for important compliance alerts and to learn how partnering with our organization can insulate your business from fines and penalties.
🚨 Attention Employers! 🚨 The U.S. Department of Labor's final overtime rule is here, bringing significant changes to salary thresholds effective July 1, 2024. Are you prepared? Don't stress; we've got you covered! Download our webinar recording, where we break down everything you need to know about these updates and how to ensure your organization remains compliant. https://bit.ly/3L2xPgV Get ahead of the curve and protect your business with the compliance experts at PrestigePEO! #OvertimeRule #DOLUpdates #HRCompliance
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We are officially into July. That means employers need to be versed in the new overtime rule! ⏱ PrestigePEO recorded a webinar so that you can be in the know of what this means and how you can stay vigilante on compliance. However, if you are still feeling like you're not sure, maybe its time to talk to ExpertPEO. We can work with you to find the right PEO so that these implementations aren't as daunting. Let's get started. Find our link in the comments!
🚨 Attention Employers! 🚨 The U.S. Department of Labor's final overtime rule is here, bringing significant changes to salary thresholds effective July 1, 2024. Are you prepared? Don't stress; we've got you covered! Download our webinar recording, where we break down everything you need to know about these updates and how to ensure your organization remains compliant. https://bit.ly/3L2xPgV Get ahead of the curve and protect your business with the compliance experts at PrestigePEO! #OvertimeRule #DOLUpdates #HRCompliance
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🚨 Attention Employers! 🚨 The U.S. Department of Labor's final overtime rule is here, bringing significant changes to salary thresholds effective July 1, 2024. Are you prepared? Don't stress; we've got you covered! Download our webinar recording, where we break down everything you need to know about these updates and how to ensure your organization remains compliant. https://bit.ly/3L2xPgV Get ahead of the curve and protect your business with the compliance experts at PrestigePEO! #OvertimeRule #DOLUpdates #HRCompliance
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Haven't seen much online about this new ruling considering how many businesses and employees it's going to affect.... If you have Salaried Exempt employees under the new threshold, your labor costs will drastically increase 8 months from now having to pay overtime. Are you thinking ahead? Do you need an outsourcing strategy to offset those new costs?
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Board Certified Labor & Employment Lawyer for Businesses, State Legislative Affairs Director for HR Florida
Legislative Update - The U.S. Department of Labor today announced a notice of proposed rulemaking that would increase the Fair Labor Standards Act's annual salary-level threshold to $55,068 from $35,568 for white-collar exemptions to the Act's overtime requirements; for Highly Compensated Employees, to $143,988 from $107,432. The proposed rule also includes automatic increases to the threshold amounts every three years. A link to the official announcement is included in the comments below. HR Florida State Council, Inc. HR Tampa #employmentlaw #legislativeupdate #flsa #overtime
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MOORE ON MANUFACTURING TODAY, 10/3: Your #manufacturing business could see big changes with the DOL’s proposed new overtime rules. Mike Sibley, CPA and Kevin Golden, CPA welcome Katie Howard, PHR from James Moore HR Solutions to discuss this and other #HR matters you should be aware of. “Be Prepared! The Impacts of Potential HR Changes” debuts at noon today! https://bit.ly/3RCvVbi #MooreonManufacturing #HRmatters #overtimerules
