With a new year come new changes and updates to payroll requirements. 2018 is quickly approaching, so we have compiled the following list of items that may initiate some payroll changes in your organization. You might start thinking about these and take action sooner than later.
The Department of Labor website explains that the Fair Labor Standards Act (FLSA) “establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments.”
We recently published a blog post addressing Oregon minimum wage increases that went into effect on July 1. That post discusses increases that are scheduled to continue until the year 2022. These types of payroll concerns can be a huge administrative burden for your workforce in terms of keeping track of the increased amounts and effective dates; not to mention implementing the changes across all employees that are affected.