The U.S. Department of Labor (DOL) recently announced a final rule raising the minimum salary for exemptions from overtime pay. Here are key points: 1. The final rule affects exemptions for administrative, professional, executive, and highly compensated employees under the Fair Labor Standards Act (FLSA). 2. Effective July 1, 2024, the minimum salary for these ...
Gig work, including project-based freelance and independent contracting, has become prevalent across various industries, with 25 to 35 percent of U.S. workers participating in the gig economy. The distinction between employee and independent contractor status is crucial and involves compliance with federal and state laws. Employee or Independent Contractor? The determination of a worker's status ...
It's important to know and understand employee benefits to best assist in decision-making. This comprehensive resource has been curated by SHRM to provide you with a detailed overview of the latest updates, changes, and critical benchmarks that will shape benefit plans for the upcoming year. As the landscape of employee benefits continues to evolve, this chart ...
We have a very important announcement today affecting all employers in Maryland. Read on for all the new details! Maryland Minimum Wage Increase Effective January 1, 2024, the state minimum wage rate will increase to $15.00 for all employers, regardless of size. Employees under 18 years may be paid 85% of the minimum hourly wage rate. ...
Today we're answering some common questions regarding COBRA benefits. Please take a moment to review the details below, including an overview of COBRA and how it applies to covered employers, as well as the process for determining employee count. Understanding Your COBRA Benefits Make this a part of your Employee Benefits Due Diligence in 2024! As ...
Hello from the HR Herald! Today we're featuring news on 401(k)s, minimum wages, and exemption status that will affect your employees in the new year. It's important to be fully aware of these changes to help your employees make the best decisions for their retirement, and run your business following the appropriate compliant practices. If you ...
The Fair Labor Standards Act (FLSA) does not require that employees, other than minors, receive breaks, whether paid or unpaid. If the employer does sanction a break, then FLSA regulations set forth when breaks must be paid. The Maryland Department of Labor states that unless the worker is under 18 years old or is an ...
When an employee experiences a death in the family, they may ask for time off to make funeral arrangements, attend the funeral or other services, and/or time to grieve the individual who has passed away. Are employers required to grant the request? We answer this and other frequently asked questions about bereavement leave below. Under ...
Creating the handbook can be a very intimidating process, but is a foundational piece, a mainstay, important feature and branding piece. So why is it considered so essential? Here are definitive reasons why a professionally-crafted handbook is well worth the investment: 1. Organize Company Policies. Informally maintained policies governing employment practices can lead to inconsistent ...
As summer intern season arrives, companies take on paid and unpaid interns to build their talent pipeline, training and educating potential hires, testing whether potential hires are a good fit, and enhancing their ties to colleges and universities. Interns may offer new perspectives, enhanced and even faster ways of doing things, and a fresh outlook, ...
