We have compiled some of the federal employment law changes for 2020 that became effective January 1st that may affect your business. Below are a few of the changes you should know for 2020.
New Overtime
Pay Rule
The US Department of Labor added a new rule that will make 1.3 million American
workers now eligible for overtime pay. They announced this new rule is effective January 1,
2020. The US Department of Labor raised the “standard salary level” from $455
per week to $684 per week, which is $35,568 a year for a full-time worker. They
raised the “highly compensated employees” compensation from $100,000 a year to
$107,432. Employers can use bonuses, incentives, commissions to satisfy up to
10% of the standard salary level. You can read the Overtime Final Rule and
additional information here.
Minimum Wage Increases for 2020 in 21 States
Minimum wage increased in 21 states for 2020. Alaska, Florida, Minnesota, Montana, Ohio, South Dakota, and Vermont automatically increased their rates based on the cost of living. Arizona, Arkansas, California, Colorado, Illinois, Maine, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New Mexico, New York, and Washington increased minimum wage rates due to previously approved legislation or ballot initiatives.
The Fair Labor Standards Act (FLSA) includes overtime exemptions for Executive, Administrative, Professional, Computer & Outside Sales Employees.
Our experienced team has created instructions for our GrowPoint Payroll customers to make your job easier. Here are instructions on how to implement payroll in GrowPoint for the Washington state FMLA law that went into effect January 1, 2019. We also have instructions to implement the Oregon Saves program for retirements savings, handle Rest Break calculations for piecework pay, accrue Paid Sick Days in Washington and California.If you would like to learn more about how we can help improve your business, or schedule a demo, click here.
This is intended as highlights of 2020 new laws only and does not constitute legal or financial advice. If you need legal advice, please consult your attorney or expert on the law.
Kara Roberson is the Digital Marketing Manager at Advanced Grower Solutions
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