Across the country, new laws will go into effect Jan. 1, 2020. Here are five things employers should do heading into the new year.
As you know, each new year brings scores of new laws. And that can mean plenty of work for employers to remain compliant. With that in mind, here is a checklist of five things employers should be aware of to ensure compliance in 2020.
Under the Fair Labor Standards Act (FLSA), the new overtime rule will raise the pay threshold for exempt employees to $35,568 per year ($684 per week) from the previous level of $23,660 per year ($455 per week). The final rule goes into effect Jan. 1, 2020.
What does that mean for employers? You may have to estimate how many hours employees near the new threshold are working and determine whether you should pay them a salary or hourly wage.
Also note that some experts believe the new standard will have more of an impact in rural areas and the South more than urban hubs.
Taking stock of each of your locations — especially for large employers that operate in several states — must be part of your 2020 checklist.
More than 20 states and dozens of smaller jurisdictions will increase minimum wage rates at the start of the year. You don’t want to end up in the headlines as part of a wage theft suit. Make sure your employees are being paid the correct wage.
From paid family and medical leave to paid sick leave and even paid leave for any reason, we’re seeing a wave of new laws in this area. Paid leave laws are often more difficult to track than minimum wage, for example, because of the varied accrual rates, reasons for usage and other factors.
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