Changes in Massachusetts’ minimum wage and the “blue law” affecting premium pay for certain employees working on Sundays will go into effect on January 1, 2019.
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
Minimum wage increases will affect numerous states across the country in January 2019.
Most employers know that any employee who qualifies as exempt from overtime under the Fair Labor Standards Act (FLSA) must be paid on a salaried basis. Being paid on a salaried basis means that at least the minimum agreed salary for the week is paid, even if the number of hours worked may fluctuate. And […]
You may have seen the recent Department of Labor (DOL) announcement that the Payroll Audit Independent Determination (PAID) Program has been extended by an additional 6 months. If you saw that and hadn’t already heard of this program, it may have you wondering what it is and whether it might be something your organization would […]
Blockchain has the potential to disrupt the payroll industry in the next few years, but there is still a lot to learn about how it can and should be used. Paychex’s Frank Fiorille breaks down the basics of blockchain, its uses in the payroll industry, as well as benefits and risks.
Payscale released their Q3 2018 PayScale Index yesterday. The aim of the research is to identify and track quarterly and annual compensation trends (as well as forecast the next quarter).
A recent study by Paychex sought to explore trends in wage growth and hours worked among small businesses. That report shows that small business wage growth has decreased, despite an increase in weekly hours worked.
We all know that unemployment has reached record lows. Employees might be wondering when they will start getting paid more, given that competition for talent should be severe. Research shows that is not happening. How do employees feel about this discrepancy? New research shows that nearly half of all employees think they are not being […]
There are many factors that influence employee satisfaction. Obviously, one of the first to come to mind is compensation. Whether it’s a salary or bonus, you’d be hard-pressed to find an employee who wouldn’t like a little extra in his or her paycheck.
Salary increases have been fairly stagnant lately. That has been a surprise to many analysts due to typically strong correlations between low unemployment and wage growth. A new study shows that stagnation is likely to continue.