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Posts about Payroll:

Pay Transparency in Job Postings Has More Than Doubled in Last 3 Years

Payroll records

A study released last month shows that pay transparency in job postings has more than doubled during the pandemic, increasing 137 percent between February 2020 and February 2023.

“Heightened employee expectations and new laws requiring disclosure in some parts of the country mean more employers are adding salary information to their job postings,” wrote Kathryn Mayer for the Society for Human Resource Management (SHRM).

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High-Earning Day-Rate Workers Now Entitled to FLSA Overtime

Supreme Court with American Flag

The Supreme Court issued a judgment in February that has employers on notice as a 6-3 majority opinion in “Helix Energy Solutions Group v. Hewitt” found that daily-rate workers, no matter their income level, are not exempt from overtime pay unless they are paid on a salary basis as required by the Fair Labor Standards Act (FLSA).

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New Employment Laws and Minimum Wage Changes in 2023

road sign that says pay raise

While there are no significant employment law changes effective in 2023 from a federal mandate, employers still need to be aware of any legislative changes on state or local levels.

Nationally, no major changes are slated for 2023 with the Fair Labor Standards Act (FLSA) still establishing minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector, and in federal, state, and local governments.

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Texas Business Owners Keep an Eye on Inflation as Economy Heats Up

Employer Flexible Texas Business Owners Keep an Eye on Inflation Woman Looking at Paper Shocked Orange Background

The U.S. economy continued its strong recovery with an Aug. 6 report that showed almost one million jobs added in July and unemployment falling to 5.4 percent, but inflation fears linger for businesses who face the prospect of rising wages.

U.S. inflation rates, as calculated by the Consumer Price Index (CPI) published monthly by the Bureau of Labor Statistics (BLS), have risen for five straight months, hitting 5.4 percent in June, the highest levels recorded since the summer of 2008.

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