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June 4, 2024
177. What You Need to Know About Updated U.S. Labor Laws
Get ready to unpack the critical updates to labor laws for U.S. businesses! I'll provide essential compliance strategies to ensure your business stays on top of these changes. I'll simplify the complex world of employee payments, distinguishing between salary and hourly bases, and we'll explore the nuances of navigating overtime and minimum wage laws effectively.
You'll learn the ins and outs of correctly classifying your employees as I guide you through the essential criteria for exempt employees and share my best practices for managing non-exempt staff effectively. I'll also address the risks of misclassification and share robust strategies to ensure your business remains compliant!
What you'll hear in this episode:
[0:00] Update on new labor laws for U.S. businesses
[0:55] Understanding employee payment: salary vs. hourly
[4:25] Navigating overtime and minimum wage laws
[7:25] The exempt employee criteria: salary and duties
[9:50] Upcoming changes to federal minimum salary requirements
[12:00] How to correctly classify your employees
[14:55] Best practices for managing non-exempt employees
[17:50] Addressing misclassification and compliance strategies
[22:50] Ensuring compliance and effective leadership
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* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/
* Find more information on my website peopleprinciples.co