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New FLSA Overtime Rules Mean Employers Face Race to Comply

New FLSA Overtime Rules Mean Employers Face Race to Comply

The U.S. Department of Labor (DOL) finalized sweeping changes to the Fair Labor Standards Act (FLSA) overtime rules extending protections to 4.2 million U.S. workers. The changes double the salary threshold for “white collar” exemptions from the current minimum of $455 per week, or $23,660 a year, to $913 per week, or $47,476 annually. The updated rules also increase the minimum salary of highly compensated employees from $100,000 per year to $134,004 per year and establish a mechanism for automatically updating the salary and compensation levels for exempt employees every three years. The final rules, which will take effect on December 1, 2016, also allow employers to use nondiscretionary bonuses and incentive payments to satisfy up to 10 percent of the new standard salary level. They do not make any changes to the duties test for executive, administrative and professional employees. Here are a few steps businesses should take now to further their compliance efforts: 1) Take Stock and Review Classifications. Employers should first ensure that they thoroughly understand...

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ACA Compliance: 3 Strategies For Managing Costs

ACA Compliance: 3 Strategies For Managing Costs

This week, Forbes featured ADP contributor Liz Alton’s article “3 Strategies for Managing Your ACA Compliance Costs.” What options do employers have for controlling Affordable Care Act (ACA) compliance costs in 2016 and the years beyond? How can CHROs work with the rest of the C-suite to establish cost-reducing strategies in other departments to mitigate the effects of more stringent ACA compliance requirements? Check out the article to learn more, and join our upcoming webinar, ACA Best Practices: Why You Can’t Take a Vacation From Affordable Care Act Compliance to hear from our ACA experts. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Share on Facebook (Opens in new...

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Purple Rain…“Electric word life, it means forever and that’s a mighty long time…”

Purple Rain…“Electric word life, it means forever and that’s a mighty long time…”

As the world mourned the loss of yet another music legend – Prince – I was struck by the outpouring of tributes worldwide.  After hearing the news, I spent a flight back home from New Jersey listening to his songs and channeling my youth.  I returned with memories from “When Doves Cry” to “Purple Rain” and spent the rest of the evening educating my children on Prince’s contributions to music and pop culture.  I celebrated his legacy, and I know he will not soon be forgotten. I’m a big believer in legacy.  We have different leaders for different times; and different leaders resonate with different people.  In a corporate setting, each leader marks a spot in time with different needs based on market conditions, the organization’s health, and client and associates’ needs. In the roles I’ve held, my goal was to build on ADP’s amazing legacy and, equally important, to add to it.  When my time ends in a role, I want to be able to look back and...

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The Not-So-Little Engine that Could: Main Street U.S.A

The Not-So-Little Engine that Could: Main Street U.S.A

It chugs along 24/7, 365.  It’s Small Business America. We’re proud to support these businesses every day with not only our services but our patronage.  Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week to recognize the contributions of America’s entrepreneurs and small business owners. ADP® is proud to once again co-sponsor this important event, which recognizes the impact of outstanding entrepreneurs, small business owners, and others from all 50 states and U.S. territories. Read a post on our Thrive blog from John Ayala, president, ADP Small Business Services to learn why celebrating small businesses is so important to him. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Share on Facebook (Opens in new...

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Are Businesses Raising Wages to Retain Workers?

Are Businesses Raising Wages to Retain Workers?

Ahu Yildirmaz, Ph.D. Vice President, ADP Research Institute

We’re seeing an accelerated wage increase in the labor market for the first quarter of 2016, according to the ADP Workforce Vitality Report.  The freshly released report shows year-over-year wages grew substantially for job holders in the first quarter of 2016, rising from 4.1 percent in the previous quarter to the current 4.6 percent. This may be a signal that continued employment growth is leading to a smaller pool of available talent, in turn motivating employers to increase wages to retain experienced workers. This wage growth was evident in almost all industries and in all age groups among full-time workers.  Employers appear to be reacting to a tightening labor market by boosting wages to retain talent. Should you be more competitive with your employee compensation to retain talent? To learn more, view the full report and more information at http://workforcereport.adp.com/.   Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+...

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