Supreme Court Rules HCEs May Be Eligible for Overtime You may think that the terms “highly compensated worker” and “overtime pay” don’t belong in the same sentence, but the Supreme Court disagrees. HCEs can receive overtime if they are paid on a daily basis. In this case, Helix Energy Solutions Group, an offshore oil andContinue reading “Supreme Court Rules HCEs May Be Eligible for Overtime”
Tag Archives: Compliance
Compliance Risks with AI and Automated Employment Decision Tools
Compliance Risks with AI and Automated Employment Decision Tools Lawmakers and regulators are increasingly scrutinizing whether AI hiring tools unintentionally perpetuate bias. While these tools can streamline hiring processes, they may pose a compliance risk if they discriminate against certain candidates. From basic computer screening to advanced AI, various tools are used to evaluate employmentContinue reading “Compliance Risks with AI and Automated Employment Decision Tools”
IRS Makes Many Changes for 2023
IRS Makes Many Changes for 2023 Below are federal payroll tax rates and benefits contribution limits for 2023. Social Security tax In 2023, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2022. The Social Security wage base is $160,200 for employers and employees, increasing from $147,000 in 2022. Self-employed people must pay 12.4% onContinue reading “IRS Makes Many Changes for 2023”
Minimum Wage Changes — What’s Happening and What’s Coming
Minimum Wage Changes — What’s Happening and What’s Coming On Jan. 1, the minimum wage increased in 23 states. From a 23-cent increase in Michigan to an increase of $1.50 in Nebraska, people who earn minimum wage are celebrating in many places across the nation. Now, a major influence regarding the adjustments has been theContinue reading “Minimum Wage Changes — What’s Happening and What’s Coming”
More Will Have to E-File in New Year
More Will Have to E-File in New Year New rules, issued in early 2023, change a wide range of filing requirements. The goal, according to the IRS, is to increase e-filing without undue hardship on taxpayers. Perhaps the biggest change is that the IRS has reduced the 250-return threshold enacted in prior regulations to generallyContinue reading “More Will Have to E-File in New Year”
When to Change an HR Policy
When to Change an HR Policy Human resources policies set the rules and guidelines for an organization’s workforce practices. These policies include: Such policies provide the HR department with an operational framework and communicate workforce-related information to employees at all levels. For best results, the policies must reflect current business requirements. But with so manyContinue reading “When to Change an HR Policy”
IRS Has Issued Notice 2023-62
Secure Act 2.0 Update
Delay in the effective date that requires any catch-up contributions made by higher‑income participants in DC plans to be designated as after-tax Roth contributions from 2024 to 2026.
New Form I-9 Released
New Form I-9 Released The U.S. Citizenship and Immigration Services has made changes to Form I-9: On Aug. 1, 2023, U.S. Citizenship and Immigration Services published a revised version ofForm I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the improvements to the form is a checkbox employers enrolled in E-Verify can use to indicate they remotelyContinue reading “New Form I-9 Released”
How to Manage a Payroll Schedule
How to Manage a Payroll Schedule Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally, payroll should account forContinue reading “How to Manage a Payroll Schedule”
Your Business Value Is All About Human Capital
Your Business Value Is All About Human Capital How do you think about the people who work for your company? If you believe they are valuable individuals who contribute to your success, you are on the right track. If, however, you think of them as replaceable cogs in a wheel, you may be sabotaging everythingContinue reading “Your Business Value Is All About Human Capital”
HR and Payroll Self-Service: Essential Features and Best Practices
HR and Payroll Self-Service: Essential Features and Best Practices Self-service platforms let employees view and manage certain HR and payroll tasks themselves, which eases pressure on the HR or payroll team. Studies show that the vast majority of employers offer self-service HR or payroll. In National Payroll Week’s 2020 “Getting Paid in America” survey, 84.45%Continue reading “HR and Payroll Self-Service: Essential Features and Best Practices”
What’s the Story on DOL Posters for Remote Workers?
What’s the Story on DOL Posters for Remote Workers? In most offices, someone from HR hangs the relevant Labor Department posters in the company breakroom and that’s that. But in this new remote world, what are the requirements? Send the posters to each employee and tell them they have to hang them in their kitchens?Continue reading “What’s the Story on DOL Posters for Remote Workers?”