Overtime Eligibility Changes: The Department of Labor has updated the salary threshold for exempt employees under the Fair Labor Standards Act (FLSA), increasing the number of workers eligible for overtime pay. By July 1st, 2024, companies were advised to reassess employee classifications to avoid penalties, and by January 1st, 2025, the rule is set to change again!
Worker Classification: Stricter guidelines went into effect on March 11th of this year to distinguish between W-2 employees and 1099 independent contractors. Misclassification can lead to significant legal and financial consequences, which means it's now more important than ever to ensure your workers are classified and paid correctly.
Pay Transparency: Several states, including New York, Colorado, and California, are already required by law to disclose salary ranges in job postings. Other states are slowly being added to the list in 2024. This is part of a movement to promote pay transparency and equity in the workforce.
Cannabis Testing: New laws enforced on January 1st of this year in California and Washington restrict pre-employment cannabis testing, reflecting the changing narrative around marijuana use. Employers may need to revise their drug testing policies accordingly within those states, and other states may be coming down the line.
For more information on new and upcoming laws, visit your state's DOL website, or contact your HR business partner!
Remaining up to date with new HR laws can be a hassle, and if you disobey any rules or regulations, you may be fined thousands of dollars, among other penalties. Click the Contact Us button below to schedule your complimentary consultation!
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