📢 Breaking News: FLSA Salary Thresholds to Increase! 🚀 Attention employers and employees: Major changes are coming under the Fair Labor Standards Act (FLSA). The salary threshold for executive, administrative, and professional employees is set to rise significantly. Here’s what you need to know: 🔹 July 1, 2024: The threshold increases from $684 per week ($35,568 per year) to $844 per week ($43,888 annually). 🔹 January 1, 2025: A further jump to $1,128 per week ($58,656 annually). These changes are higher than those initially proposed by the Department of Labor in August 2023. It's crucial to stay informed and prepared for the upcoming shifts, especially as we approach the election period, which could bring additional challenges and discussions. For more detailed insights and how these changes might impact your business, visit our website www.lazioseaerch.com for the latest updates and expert advice. #SalaryThreshold #FLSA #LaborLaw #HumanResources #ExecutiveSearch #LazioSearchGroup *Stay tuned as we track these developments through January 1, 2025. Ensure your business is compliant and ready for the changes ahead!*
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Check out the latest blog post on the official convocation by the Government to the Minimum Salary Council for April 30th. It's all about deciding the May salary increase and the impact on both registered and unregistered workers. A must-read for anyone interested in labor policies. Read more here: https://ift.tt/rpDOfox
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📢 Belgium - Mandatory salary indexation 2024 The salary indexation for your white-collar workforce in Joint Industrial Committee (JIC) 200 will be 1.48 % as of January 2024. This also applies to employees to whom the Posted Worker Directive is applicable. Employers must adhere to the Belgian labour laws, including mandatory salary indexations in accordance with the applicable JIC. As we navigate the complexities of the Posted Workers Directive, we ensure seamless compliance for all your postings. With Boxx by your side, you stay informed, ensuring a successful start of 2024! #postedworkersdirective #salaryindexation #workinginBelgium #Compliance
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How does your salary stack up against industry standards? Uncover the current state of the market, salaries and more by downloading the 2023/24 Australian Annual Salary Guide here: https://bit.ly/3PK2Ypy #DecipherBureau #SalaryGuide #CyberJobs #DBSalaryGuide
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New pay transparency obligations are coming into effect in British Columbia as of November 1, 2023. My colleagues, Duncan Burns-Shillington and Lydia Huang, out of the Vancouver DLA Piper (Canada) LLP office, provide key takeaways for employers, in the below article. #bcemployers #employmentlaw #paytransparency
As of November 1, 2023, all employers in BC must specify the expected salary or wage range for all publicly advertised job opportunities. Find out more about the Pay Transparency Act and the BC government's recently published guidance in this #employmentlaw update by Duncan Burns-Shillington and Lydia Huang: https://lnkd.in/gzhxmKjD
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This year, the salary structure has undergone regulatory changes, encompassing the base salary, supplements, and other benefits. A significant modification pertains to performance-related supplements, such as incentives. However, these changes deviate from the Minimum Wage Act, incorporating the variable part of the salary, tied to performance, into the minimum wage. All salary supplements can now contribute to the minimum gross wage with few exceptions, allowing employers to decrease the base salary by augmenting supplements for work performance. When an employer negotiates the base salary below the minimum gross wage but with a bonus based on achieved results, concerns arise about addressing this situation. Legal adjustments are imperative to resolve uncertainties and protect workers' rights. #EmploymentLaw #MinimumWage #WorkersRights #BusinessChanges #Confida #ConfidaCroatia
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Here's a 2024 wage spiral snapshot for the #financialservices sector! Our Salary Guide forecast shows the average annual pay growth where, depending on experience, higher salaries are the consequence of a severe shortage of skills. #salaryguide #careers #business #recruitment
Financial services snapshot
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Here's a 2024 wage spiral snapshot for the #financialservices sector! Our Salary Guide forecast shows the average annual pay growth where, depending on experience, higher salaries are the consequence of a severe shortage of skills. #salaryguide #careers #business #recruitment
Financial services snapshot
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Business Owner Alert 🚨 There are new salary thresholds for exempt employees under the Fair Labor Standards Act (FLSA) coming into effect on July 1, 2024, to compensate employees fairly for their long hours of work. Here are a few of the changes coming: 1️⃣ The salary threshold for these employees will increase to the equivalent of an annual salary of $43,888 (up from $35,568) and will again rise to $58,656 on Jan. 1, 2025. 2️⃣ The Highly Compensated Employee (HCE) exemption will rise to $132,964/year in July and $151,164/year in January 2025. 3️⃣ These salary thresholds will be updated every three years starting in 2027. Employers— now is the time to audit your employees’s exempt status and salaries to ensure compliance with the Department of Labor’s final rule ahead of the upcoming deadlines. You must either increase the salaries or reclassify any employee who no longer qualifies as exempt due to the increased salary thresholds to remain compliant. If you have questions about this rule and what it means for your business, the DOL is hosting online seminars on May 30th and June 3rd to discuss these changes further. Register here: https://bit.ly/3R3KbJ0 #FLSA #LaborLaw #EmployeeRights #HRCompliance
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The EOFY is coming up fast. Are you prepared for salary negotiations? Make informed, data-driven decisions—get the salary insights you need with our 2024 Australian Salary Guide: https://lnkd.in/gvBWXANQ
Founder at Lazio Search Group | Supply Chain & Logistics Recruiter | Recruiting world-class sales teams, one top performer at a time. | SaaS Sales Recruiter | CSCMP Board Member
1mohttps://www.dol.gov/newsroom/releases/whd/whd20240423-0#:~:text=Effective%20July%201%2C%202024%2C%20the,the%202019%20overtime%20rule%20update.