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Many employers are under the common misconception that simply paying an employee on “salary” means they are exempt from the overtime requirements pursuant to federal, state, or local laws. However, there are many considerations for determining exempt status. This article discusses common exemptions in construction and other wage and hour issues to provide a foundation for employers to take proactive steps for minimizing the risk of facing a lawsuit and/or incurring damages following an investigation by the DOL or similar state-based department. ➤ https://lnkd.in/d-9CC3xw

❗ Small Business Owners ❗ The Department of Labor's new rule, effective March 11, 2024, reinstates a more stringent six-factor analysis for determining independent contractor status, making it tougher for employers to classify individuals as independent contractors and emphasizing compliance with minimum wage and overtime pay regulations, therefore requiring careful review and adjustment of worker classifications for small businesses to ensure adherence to the updated guidelines. Learn more here ➡️ https://ow.ly/p7c550QHiRN

Exciting news for America's 2.19 million truck drivers! Bipartisan lawmakers have introduced a bill that aims to provide them with the right to overtime pay, a privilege they've been denied since a 1938 law excluded them. This bill, introduced in both the House and the Senate, seeks to remove the clause in the 1938 law that exempts motor carriers from providing overtime pay. A step towards ensuring fair wages and rights for our dedicated truck drivers who play an integral role in our economy. Read the full article here: https://rpb.li/x3wqdP For more information on NATSA and driver compliance services, visit us at https://lnkd.in/gRYSTUtv #NATSA #TransportationIndustry #TransportationSafety #TransportationTechnology #Fleet #FleetMaintenance #FleetManagement #FleetManager #FleetManagementSolution #FleetRegistration #DOTCompliance #DriverQualification #TruckDriversRights #OvertimePay #FairWages

Big changes are on the horizon for US employment law this year. Here's a quick look at what's new: Overtime exemption thresholds: Expect higher minimum salary requirements for overtime exemptions, affecting many workers. Independent contractor status: New rules will clarify who is considered an employee vs. an independent contractor. Joint-employer standards: Updates could broaden the definition of joint employers, impacting labor relations. For more info head to 👉 https://lnkd.in/g_FFEYB2 #EmploymentLawChanges #USLaborLaw #LegalFix #LawTech #LegalTech #LegalIssues #LawAndLegislation #EmploymentLaw #AccessToJustice #A2J

Yesterday, the small business community took a big regulatory hit when two federal agencies issued important rules that will affect employer-employee relations. The Federal Trade Commission voted to issue a rule banning new non-compete agreements and gutting the enforcement of existing non-compete agreements. Also yesterday, the Department of Labor issued a new regulation redefining the minimum salary levels for the largest classes of exempt employees. Over the next 8 months, the minimum salary level for a worker to be classified as exempt from overtime requirements will increase 65% over the current level. The increase will be from $684 per week to $1,128 per week starting January 1, 2025. Oh, but wait, there is more, on July 1, 2024, there is an interim increase to $844 per week. Here is a video explainer. https://lnkd.in/eCt-Bv-3

*New Blog* A closer look at minimum wage & overtime rules in Canada. Read more at the link below ⬇️ https://lnkd.in/efaDZWGA www.TheTaxforce.ca #TheTaxForce #taxes #businesstaxes #business #sarniaon #sarnialambton #lambtoncounty #sarniaontario #localbusiness #notyourtypicalaccountants #shoplocal

🌟 Navigating Texas labor laws can be tricky, but we've got you covered! From minimum wage to overtime pay, our team will help you navigate and comply with all the regulations. Let's make sure your business stays on the right track! 💼📝 #hosblue #texasemployers #complianceisimportant

🌟 Navigating Texas labor laws can be tricky, but we've got you covered! From minimum wage to overtime pay, our team will help you navigate and comply with all the regulations. Let's make sure your business stays on the right track! 💼📝 #hosblue #texasemployers #complianceisimportant

Salaried employees in California should know that receiving a salary doesn't automatically exempt them from overtime pay. To be exempt, you must earn at least twice the state minimum wage and spend more than half of your work hours on "exempt work." Misclassification is possible, so consulting an attorney is advisable. At Valerian Law, we specialize in employment law and can help you navigate complex issues like overtime eligibility. Learn more: https://lnkd.in/gFvYU-Q6 #OvertimeEligibility #EmploymentRights #ValerianLaw

If there was another way to say it, I would, but here we go again. On August 30, 2023, the US Department of Labor (DOL) announced a Notice of Proposed Rulemaking (NPRM) that it claims will “restore and extend overtime protections to 3.6 million salaried workers” throughout the United States. Under current rules, certain workers may be exempt from federal overtime requirements under the executive, administrative, and professional exemptions (White Collar exemptions) or under the Highly Compensated Employee exemption (HCE exemption)1 provided that the worker performs certain duties for the employer and the worker is paid a salary that exceeds a minimum set out under DOL rules. The NPRM proposes an increase to the salary thresholds under both the White Collar and the HCE exemptions. The proposal also includes a mechanism for future automatic adjustments to the salary thresholds. The DOL did not, however, make changes to the duties test requirements under each exemption category. #EmployeeBenefits #ExecutiveCompensation #Tax