Executive, administrative and professional employees who meet the Fair Labor Standard Act’s job duties and salary basis criteria are exempt from the FLSA’s minimum wage and overtime pay provisions. Per the FLSA, these employees must be paid no less than $455 per week on a salary basis. However, the following positions may be exempt from […]
Who Is Excluded From the FLSA’s Minimum Salary Requirements?
Hurricanes, storms, tornadoes, blizzards, floods and other weather-related disasters can cause inclement weather closures. But even if one of these calamities causes your business to close, your employees must still be paid on their next regularly scheduled payday if they did any work during the pay period. To ensure accurate payment, you’ll need to take […]
Unemployment claim benefits are provided through a federal-state unemployment program, which is funded largely by federal and state taxes imposed on employers. The Internal Revenue Service enforces federal unemployment tax laws. The state unemployment agency oversees state unemployment tax as well as the determination and disbursement of unemployment benefits. When an employee files a claim […]
In 2016, the National Federation of Independent Business ranked workers’ compensation as one of the most critical problems facing small businesses. Additionally, the National Academy of Social Insurance reported that employers spent a combined total of $94.8 billion in 2015 on workers’ compensation, an increase of 20.1 percent since 2011. Every state, except Texas, requires […]
Human resources may sound and look like a straightforward topic, but it’s not one that should be taken lightly. HR mistakes can cost you time and money, and your reputation. Here are four common mistakes to be aware of. Companies of all sizes, from global corporations to mom-and-pop shops, are all prone to these potentially […]