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Charter and Independent Schools Prepare for the Latest Federal Overtime Pay Rule

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who exceed 40 hours in a workweek may qualify for overtime pay. Keep reading to learn what changes the rule introduces and how charter and independent schools will be affected. The exemption rate will increase again to $151,164 on January 1, 2025. Under this rule, eligible employees authorized to work in the U.S.

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What SMBs Should Know About the 2024 Overtime Rule Salary Threshold

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In this blog, review the latest rule changes and learn how SMBs are adapting their operations to meet these new labor requirements. The minimum salary threshold will get another increase on January 1, 2025; at this time, employees earning less than $1,128/week, or $58,656 per year, will be eligible for overtime pay.

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What SMBs Should Know About the 2024 Overtime Rule Salary Threshold

Extensis

In this blog, review the latest rule changes and learn how SMBs are adapting their operations to meet these new labor requirements. The minimum salary threshold will get another increase on January 1, 2025; at this time, employees earning less than $1,128/week, or $58,656 per year, will be eligible for overtime pay.

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10 HR Compliance Issues Facing Employers Today

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Here, we dive into the top 10 HR compliance issues facing today’s SMB employers, from recent pay transparency legislation to the rules limiting non-compete agreements and how a PEO can help business leaders navigate it all. Further, if unequal pay is discovered, organizations may not equalize it by reducing either sex’s wages.

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McKinsey Study Overview: What to Expect in U.S. Healthcare in 2023 and Beyond

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And by adding the competitive advantage of a PEO solution , they can uncover creative solutions to keep healthcare plans affordable and accessible. Pharmacy services continue advancement Projections from last year showed pharmacy services profit pools growing at 3% CAGR from 2021 to 2025. healthcare in the foreseeable future.

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Federal Court Blocks Nationwide Overtime Pay Rule: What SMBs Should Know

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Quick look: In mid-November 2024, a federal court blocked the national overtime rule that raised salary thresholds for white-collar exemptions in July 2024 and was slated to increase them again on January 1, 2025. On November 15, 2024, a federal court ruling blocked the nationwide overtime rule that took effect on July 1, 2024.