Category: Compensation
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Minimum Wage Rates
Staying compliant starts with staying informed. We’ve compiled the latest state-specific minimum wage rates to help you ensure your business is aligned with current labor standards. Whether you’re expanding to new states or reviewing your current practices, this quick reference can support your compliance strategy. Our team is dedicated to keeping you compliant and in…
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New Guidance on the Impact of Bonuses and Overtime Pay
As most employers know, the Fair Labor Standards Act (“FLSA”) requires employers to pay employees overtime for all hours worked over 40 in a workweek. What many employers do not realize is that the overtime calculation should be based on employee’s “regular rate” of pay, which may be different than the employee’s hourly rate.
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How Does the CARES Act Impact 401(k) Plans?
With the recent passing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, there are sure to be a lot of questions in what this means for your organization. One area the CARES Act specifically addresses is around retirement plans. We’ve compiled a few FAQs below to help you understand these provisions and determine…