Category
Compensation
2025 HSA and HDHP Limits Announced by IRS
The IRS recently announced the 2025 annual limit on HSA contributions for self-only coverage will be $4,300, a 3.6 percent increase from the $4,150 limit in 2024. For family coverage, the HSA contribution limit will jump to $8,550, up 3 percent from $8,300 in 2024. The IRS has not yet revealed the 2025 catch-up contribution......
DOL Increases Salary Level for Exempt Employees (coming July 1, 2024)
Last week, the U.S. Department of Labor (DOL) issued its much-anticipated final rule raising the salary threshold for employees to be exempt from federal overtime requirements under the Fair Labor Standards Act (FLSA). The new rule significantly increases the minimum salary requirement for executive, professional, and administrative employees, and ...
Checklist of 2024 New Year HR and Payroll updates
It’s almost 2024, so now is the time to review and update your company’s HR and payroll practices and documents for the new year. With 2023 ending, there are several human resources and payroll items to review and update for January. Here is Consultstu’s 10 point HR and Payroll checklist for 2024 – start now......
How to Calculate FMLA Leave When a Holiday Falls in a Week
An important part of compliance is to correctly count the number of days that an employee is entitled to take when they qualify for the Family and Medical Leave Act (FMLA). To help employers, the DOL just released an Opinion Letter that gives employers clear guidance on how to calculate FMLA entitlement under the FMLA......
PTO Can be Docked from Salaried Employees
Paid time off is a fringe benefit and is not considered part of a worker’s salary ruled a federal appeals court on March 15, 2023. In a case brought by employees (nurses, physical therapists and social workers) at Bayada Home Health Care, the judges concluded that the company can take away paid leave when salaried......
“Highly Compensated Employee” Exemption Requires Payment on a Salary Basis
A highly-paid offshore tool pusher worker sued Helix Energy Solutions because he was not paid overtime. He was considered exempt under the “highly compensated employee” exemption (Wage and Hour law) but was paid on a day rate, not a salary. In late February, the Supreme Court decided that the worker must be paid overtime because......
Checklist of HR and Payroll Updates for 2023
Happy new year! It’s now time to review and update your company’s HR and payroll practices and documents for 2023. As we close out 2022, and begin 2023, it’s time for human resources and payroll to take some important January actions. Here is Consultstu’s 10 point HR checklist to help you get up to date......
Salary Reduction for an Exempt Employee: What are the rules?
At Consultstu, this is probably the most common question we receive from employers. The federal Department of Labor (and the Fair Labor Standards Act) states that exempt employees must be paid a fixed salary that cannot be reduced based on the quality and quantity of the employee’s work. To qualify for an exemption, employees must......
Can an employee clean the office after hours for a flat fee, or is it overtime?
This question gets asked several times a year. The scenario goes like this … a medical practice gets poor cleaning services from its vendor so an employee asks to clean the office, after hours, for a flat fee. Seems like a win-win solution. The employer receives a clean office and the employee puts some extra......
Florida Minimum Wage will increase to $11.00 per hour on September 30, 2022
Effective September 30, 2022, the Florida minimum wage will increase from $10.00 to $11.00 per hour. Additionally, the minimum wage for tipped employees will increase by $1.00 to at least $7.98 per hour, in addition to tips. The next minimum wage increase is set for September 30, 2023. In 2020, Florida voters approved a state......
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