Proposed policies in the bill would impact health savings accounts, college savings accounts, taxes on overtime and tips, and more.
The proposal would most likely affect low-to-middle income earners in supervisory roles.
A new initiative from the Labor Department aims to up outreach and enforcement related to such issues.
A key number for calculating overtime pay hasn’t been adequately updated since 1975 — economists hope that changes.
A new federal salary level for low-paid managers to be eligible for overtime pay kicks in Jan. 1.
Salaried management workers who earn less than $35,568/year will be entitled to overtime pay starting Jan. 1, 2020.
Many employers are already prepared for the rule change.
Had the 2016 rule been instituted, roughly three times more workers would have been covered.
China’s tech sector is built on the backs of hard working employees who are often expected to work 12-hour days at a minimum. Some workers are starting to push back.
What can businesses and their employees expect, now that the new rules are on hold?
