Remove blog new-dol-rule-contractors-2024
article thumbnail

Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years

ThomsonReuters

Department of Labor’s (DOL) website , the federal minimum wage rate has increased periodically from 1938 to 2009. According to the DOL, the minimum wage does not increase automatically. per hour effective July 24, 2009 (see Payroll Guide ¶18,200 ). Greater rate rules. According to information from the U.S.

article thumbnail

Legal expert explains DOL’s new Worker Classification Rule

ThomsonReuters

On January 10, 2024, the U.S. ” According to the DOL, a series of U.S. . ” According to the DOL, a series of U.S. Sekel explained that several comments on the 2021 rule said it made it much easier to designate workers as independent contractors rather than employees.

Legal 52
article thumbnail

Last Week in Payroll: In Like a Lion; Out Like a Lamb

ThomsonReuters

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

payroll 98