Tag: Compensation

minimum wage

Should You Offer Employees More than the Required Minimum Wage?

Currently, as per federal law, employers are required to pay employees at least $7.25 per hour, although many state laws (and some cities and counties) have different minimum wage requirements. However, many federal lawmakers and citizens want to increase the federal minimum wage to $15 per hour because they claim that workers making less than […]

ESPP

DOL Proposes Change in How to Determine Regular Rate of Pay

With a stated aim of providing clarification on how to determine employees’ regular rate of pay, the U.S. Department of Labor (DOL) has announced a new proposed rule updating what forms of payment employers can include and exclude in the “time and one-half” overtime pay calculation.

payment

There’s Nothing Regular About Calculating an Employee’s ‘Regular Rate of Pay’

In October 2018, the Trump administration unveiled its Fall 2018 Unified Agenda of Regulatory and Deregulatory Actions. The agenda emphasizes regulatory restraint and underscores the administration’s commitment to a more business-friendly regulatory framework, noting that “in general, the [U.S. Department of Labor (DOL)] will work to assist employees and employers to meet their needs in […]

minimum wage

Maryland Takes Step Toward $15 Minimum Wage

In a widely expected move, the Maryland General Assembly has approved a significant increase in the state’s minimum wage by voting for legislation aimed at increasing the current rate of $10.10 per hour to $15 by 2025.

Equal Pay: 4 Steps to Define Comparable Work in Your Company

If Massachusetts’ new Equal Pay Act legislation is any indication, sweeping changes are coming, and the crux of forthcoming reforms will be determining comparable work and fair compensation. Companies can get a jump on this by defining and examining comparable work within their own organization to mitigate pay gaps and establish a fair work environment.

garnishment

What Are Wage Attachments?

A wage attachment, also known by the term wage garnishment, happens when there is a court order requiring an employer to use (attach) some portion of an employee’s wages to some other purpose, such as repaying a debt or paying child support. When an employer receives an order for wage attachment/garnishment, the employer must comply […]