Legislation that WILL Impact Your Business
New Overtime Rules
On September 24, 2019, the U.S. Department of Labor announced a final rule to make 1.3 million American workers eligible for overtime pay. For more information, please visit www.dol.gov/whd/overtime2019.
The final rule is effective on January 1, 2020.
NOTE: If you would like to learn how to streamline and outsource administrative processes such as payroll and HR, to avoid paying more overtime, give us a call.
SSA Contribution and Benefit Base
On October 10, 2019, the U.S. Social Security Administration (SSA) announced that the 2020 Social Security wage base will be $137,700, an increase of $4,800 from the 2019 wage base of $132,900. There's more! Read the full announcement here.
These rates are effective January 1, 2020.
Workers Compensation Posters Updated
In July 2019, the Georgia State Board of Workers’ Compensation updated its Bill of Rights for the Injured Worker posters offered in English and Spanish which must be posted by employers in an accessible location in the workplace or incur a fine of up to $1,000.
Otis Wood Agency clients can log in and download the posters here.
FREE Compliance Tools at ThinkHR
Because being an employer poses more risks than ever these days, we wanted to remind you that all our clients have access to FREE HR compliance tools in addition to live professional HR support.
Job Description Builder
Health Care Reform
These tools are online and mobile. In other words, if you have a smartphone, you can have all the information you need to stay out of trouble right in your pocket.
Why do we give these invaluable tools away? As part of our Want More | Get More philosophy, we are empowering our clients to succeed by providing access to tools and services normally available only to fortune 500 companies.