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New Minimum Wages Are Coming to Florida

Zenefits

The constitutional amendment to gradually raise Florida’s official minimum wage from $8.56 per hour to $15 per hour by September 2026 has won the vote. The first minimum wage hike to be approved in almost 15 years (from $5.15 an hour to $6.15 an hour to $6.15 for tipped employees).

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FLSA Overtime Rule Update

COATS Staffing Software

These updates will impact businesses of all sizes, particularly those with salaried employees. The new overtime rules will be phased in over two steps: July 1, 2024: The salary threshold for exempt employees increases from $35,568 to $43,888 per year. What Systems can Help? What Does This Mean for Businesses?

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2024 Mid-Year Legal Updates: Understanding the New Federal Overtime Rule 

MP Wired For HR

This update will drastically impact how businesses classify employees and calculate wages. This update will drastically impact how businesses classify employees and calculate wages. Enacted in 1938, the FLSA aimed to improve working conditions and ensure fair wages for American workers.

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DOL Updates FLSA OT Rule: What It Means for Your Pay Equity Efforts

Trusaic

1 update is based on a new methodology that is being implemented, which also applies to the threshold for highly compensated employees. As you work through updating your pay methodology and systems to account for the changes, ensure you keep pay equity top of mind. Additionally, segment for employees that are exempt or non-exempt.

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Big Changes for Overtime! What Employers Need to Know About the New DOL Rule 

MP Wired For HR

This is a big deal for both employers and employees. The Fair Labor Standards Act (FLSA) sets minimum wage and overtime requirements for most U.S. The Fair Labor Standards Act (FLSA) sets minimum wage and overtime requirements for most U.S. Reclassifying employees? Let’s break down what you need to know.

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

Extensis

Under this rule, eligible employees authorized to work in the U.S. 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. Here are the main regulatory changes introduced by the law.

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What Does it Mean to be Self-Employed?

Zenefits

They put in about 1 million hours a week and contribute $1 trillion to the U.S. To be “self-employed” simply means working for one’s self, as opposed to be a full- or part-time, permanent employee for someone else. they can be as diverse as a physician in private practice or an artist who sells paintings online. The profile.