On April 23, 2024, the federal agencies issued two significant final rules that will affect many businesses. The first of these rules was issued by the United States Department of Labor (USDOL), and significantly increases the salary level requirement for overtime exemptions under the Fair Labor Standards Act (FLSA). The Federal Trade Commission (FTC) issued the second rule broadly banning employee non-competition agreements nationwide.
Read MoreIn our prior post, we highlighted five tips for employers dealing with a Department of Labor (DOL) audit. However, as an employer, you want to avoid the hassle and costs associated with a DOL audit. An audit can be a time-consuming and expensive process, with potential penalties and legal fees adding up quickly. Therefore, it's crucial for employers to take proactive steps to avoid a DOL audit.
Read MoreRecently we are seeing a significant increase in the number of audits of small businesses being conducted by the New Jersey Department of Labor (DOL). Facing a DOL audit can be daunting, but being prepared and knowing how to handle it can help you minimize the risk of fines and penalties. Here are five tips for dealing with a DOL audit.
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