Remove resources final-overtime-rule
article thumbnail

A Guide to Payroll Management: Ensuring Smooth Financial Operations

Qandle

Compliance with these rules is essential to avoid legal issues and financial penalties. This involves maintaining detailed records of each employee’s working hours, overtime, leave, and any other relevant information. This includes regular work hours, overtime, and any leaves taken by employees.

article thumbnail

Overtime threshold rising to $35,568 on Jan. 1

Business Management Daily

The white-collar overtime threshold will increase to $35,568 on Jan. 1, 2020, following approval of a final rule the Department of Labor says will make 1.2 million more Americans eligible for overtime pay. The new overtime salary threshold is substantially lower than a proposal that almost became official in 2016.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 2016 #FLSA Overtime Changes: What #HR Needs to Know

HR Bartender

If you’re in the HR world, you know that the much-awaited final ruling came from the U.S. Department of Labor (DOL) about changes to the overtime rule in the Fair Labor Standards Act (FLSA.) When I read that the final rules were released, I asked Jonathan if he would give us the scoop.

article thumbnail

The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

A couple of months ago, the much-awaited final ruling came from the U.S. Department of Labor with changes to the overtime provision of the Fair Labor Standards Act (FLSA). They’re also having internal discussions about how to manage overtime pay and payroll expenses. Exploring the Overtime Policy Piece.

article thumbnail

What your startup needs to know about the cost of human resources

HR Digest

Do you know the cost of human resources to your company? Human resources can be a huge expense for any company, sometimes without even realizing it. What is the cost of human resources? The cost of human resources is the total amount of money that a company spends on employee-related costs. Overtime Pay.

article thumbnail

In-Depth Guide to the Timesheet Approval Process

Business Management Daily

In fact, this is why human resources professionals still refer to clock-in times as ‘punches.’ Your human resources department must keep detailed records for all your employees, including their total hours worked for two years. If you’re like most organizations, your employees record the number of hours they worked on a timesheet.

Payroll 52
article thumbnail

Employees have been reclassified. Now it’s time to train.

Business Management Daily

You’ve done your due diligence in response to the final Fair Labor Standards Act regulations that raise the weekly salary employees must earn to $684 a week (up from $455) to be considered exempt from overtime pay. That may entail redistributing work or increasing staffing levels so overtime hours are unnecessary. Bonus time.