HR TRENDS & UPDATES
This month’s newsletter is packed with essential information to help you navigate the ever-changing world of HR. We’ll delve into the upcoming FLSA salary threshold increase, ensuring you’re prepared and compliant. We’ll also explore the key elements of a benefits package that not only attracts top talent but also retains your valuable employees. And finally, we’ll take a moment to celebrate the remarkable achievements of women in honor of Women’s Equality Day. Let’s get started!
HR UPDATE – Are You Compliant?
FLSA Salary Threshold Increase
Hey Employers,
Just a quick reminder that the minimum salary threshold for exempt employees under the Fair Labor Standards Act (FLSA) increased on July 1st, 2024. The new minimum is $844 per week (or $43,888 annually).
Are you in compliance? If you have exempt employees making less than the new minimum, you need to take action. You can either:
- Raise their salaries to meet the new threshold
- Reclassify them as non-exempt and pay them overtime for hours worked over 40 per week
- Limit their hours to avoid overtime pay
Don’t forget: This is just the first of two increases. The minimum salary will increase again on January 1, 2025, to $1,128 per week ($58,656 annually). Be sure to review your payroll and make any necessary adjustments to ensure you’re following the law and avoiding potential penalties.
If you have any questions, please contact Gotcha Covered HR Powered by Delta. We’re here to help!
The Benefits Package that Attracts Top Talent
It’s a competitive job market out there. Top talent expects more than just a paycheck; they want a benefits package that truly stands out. But what makes a benefits package truly amazing?
The answer isn’t always obvious—it depends on your industry, location, company culture, and even the current year! Benefits that were once considered “extras” are now often expected, and what worked a few years ago might not cut it today.
So, how do you build a benefits package that’s a magnet for top talent AND a smart investment for your business? ➡️ Start with our expert guided free consultation!
At Gotcha Covered HR Powered by Delta Administrative Services, we’ll help you navigate the complex world of employee benefits. We’ll work with you to understand your unique needs and develop a package that’s both attractive to potential hires and sustainable for your business.
Don’t let your benefits package fall behind the competition. Let us help you create an unbeatable offering that attracts and retains the best talent.
Celebrating Women’s Equality Day
We couldn’t let August pass by without acknowledging the incredible contributions of women everywhere in honor of Women’s Equality Day on August 26th!
We’re celebrating the trailblazers, the innovators, and the leaders who have broken barriers and paved the way for generations of women to come. We recognize the strides that have been made in the workplace and beyond, and we reaffirm our commitment to encouraging diversity and inclusiveness.
Gotcha Covered HR Powered by Delta and Delta Administrative Services are proud to stand with women and champion their success. We believe that diverse teams are stronger teams, and we’re dedicated to empowering women to reach their full potential.
Here’s to the women who inspire us every day! May we continue to break down barriers and build a future where everyone has the opportunity to thrive.
Reference: Fair Labor Standards Act of 1938: Maximum Struggle for a Minimum Wage | U.S. Department of Labor (dol.gov)
Dynamic Duo: Revolutionizing HR Services
Gotcha Covered HR and Delta Administrative Services are represented by two amazing women, Patricia Pannell and Teresa Lawrence. Their partnership offers a one-stop solution for all HR needs, saving businesses valuable time and resources, and ultimately leading to strategic growth and an overall stronger business community.
Patricia Pannell, the founder of Gotcha Covered HR, brings her extensive experience as a labor and employment attorney to the table. Her passion for creating cost-effective and professional HR support for businesses shines through in the comprehensive suite of services offered by Gotcha Covered HR.
Teresa Lawrence, CEO of Delta Administrative Services, complements Patricia’s expertise with her deep understanding of HR solutions and payroll and benefits management. Together, they provide a powerful combination of knowledge and experience that benefits businesses of all sizes.
Stay tuned for more HR updates and insights to help you stay ahead of the curve. Need help navigating the complexities of HR, from compliance to employee engagement? Our team of experts at Gotcha Covered HR Powered by Delta is always ready to provide personalized support. Contact us anytime – we’re here to help you succeed!