By Martin Patrick, SPHR, SHRM-SCP
As we approach the start of the new year, key updates to the way you manage your business payroll are on the horizon. Here’s a closer look at four of these changes and how they will affect both employers and employees.
1. Salary Threshold for Certain Wage Protections:
On March 13, 2024, the salary threshold for certain wage protections will increase from $900 to $1,300 per week.
Right now, employers are exempt from some requirements when employing workers in executive, administrative, or professional capacities and whose earnings exceed $900 per week.
These include paying clerical or other workers “not less frequently than semi-monthly;” obtaining the advance, written consent of employees before paying wages via direct deposit; and being guilty of a misdemeanor for failing to provide benefits or wage supplements within 30 days after they are due.
The exemption from these requirements will now apply to employees with earnings that exceed $1,3000 per week.
Employers should review their current payroll practices and make any adjustments to help ensure compliance. For example, an employer could increase employee compensation to meet the new threshold or ensure that employees below the threshold are no longer exempt from these employer obligations.
2. Paid Family Leave Contributions:
