Many cities' and states' minimum wages are tied to Inflation rates. Over the past decade, the minimum wage has grown by a few cents each year. This year's unusually high inflation is likely to drive hourly wage jumps of $1 or more in some locales.
You probably know that it costs less to use an independent contractor than to have an employee on staff. The reason: the cost of payroll taxes, along with insurance and benefits, apply only to employees. But don’t think you can simply reclassify a worker who’s been your employee as an independent contractor. The IRS, as well as other government agencies, are on the lookout for just such action.
The gig economy differs from the world of traditional full-time jobs that consist of the basic 9 to 5 schedule to employees who prefer temporary and flexible jobs. Gig workers are individuals who pursue these types of jobs, often applying for a temporary independent contractor or freelance position. Many of these employees prefer to work on their own flexible schedules in various environments.
Family medical leave became law in 1993 when the federal Family Medical Leave Act (FMLA) was passed. It provided 12 weeks of unpaid, job-protected leave to care for newborns or seriously ill family members for employees who have worked at least a year for an employer with 50 or more employees. Since then, the American workforce has changed significantly, and these provisions do not meet the current needs of most family units. As a result, many states have passed or are considering legislation to…
With increased concerns regarding the security of employees' information, biometrics can be used in payroll management to streamline compliance with wage and hour laws and to limit access to secure systems.