Nov 18, 2024 | GTM Business Blog isolved
On Nov. 15, 2024, the U.S. District Court for the Eastern District of Texas vacated the U.S. Department of Labor’s (DOL) final rule to amend current requirements that employees in white-collar occupations must satisfy to qualify for an overtime exemption under the...
Jul 29, 2024 | Consulting Services
The latest Salary Budget Planning Report released by Willis Towers Watson (WTW) shows that salary budget increases are expected to rise by 3.9% in 2025. The overall median pay raise for 2024 dropped to 4.1%, compared with 4.5% in 2023. Although these expected wage...
Dec 14, 2022 | Consulting Services
Have you heard about pay transparency? It’s the idea that companies should be open with employees and applicants about pay and, more broadly, what factors they include when making decisions about compensation. It’s no secret that expectations around pay have changed,...
Jan 13, 2020 | GTM Business Blog isolved
On Dec. 31, 2019, New York amended its wage order for miscellaneous industries to eliminate the minimum wage rate for tipped employees. Please note that the current New York tipped wage rate still applies to the restaurant and hospitality industries. The miscellaneous...
Dec 11, 2019 | GTM Business Blog isolved
Changes to wage and labor laws mean changes to your payroll processing. If you’re not using a good system to track employee pay rates and easily modify them based on new regulations, you could be in for a lot of extra work to stay compliant. Whether you need to...
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