Check your payroll: Employees may be making more overtime pay soon
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SALARY AND PAY: The DOL has proposed that the minimum salary threshold for overtime eligibility should be increased from $35,568 per year — in place since 2020 — to $55,000 per year. This means anyone who makes less than $55,000 and works over 40 hours in a week is entitled to overtime, extending protections to an estimated 3.6 million salaried workers, according to the DOL. U.S. territories subject to the federal minimum wage will also be granted the same protections.
Noah Finkle, partner at global law firm Seyfarth Shaw LLP explains what employers can expect, and how some organizations are looking for a workaround to any new rulings. Here's what you need to know:
WORKPLACE PRODUCTIVITY: Leaders across the country are rolling out return-to-work mandates in the name of better engagement and boosted productivity. But for real results, those efforts may be better spent investing in technology instead.
Ninety percent of companies plan to implement return-to-office policies by the end of 2024, according to a recent report from Resume Builder . But investing in better tech could be the key to achieving better productivity and collaboration, without sacrificing remote and hybrid work. Neeha Curtis , vice president of global communications at Jugo , shares how companies should audit their tech stack before implementing any RTO directives:
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'BAD BOSSES': The stereotype of screaming, door-slamming tyrant bosses in the workplace is rife in movies and TV, but unfortunately, there are plenty of real-life examples of bad behavior from the C-suite that make employees miserable.
From talk show host Jimmy Fallon, who was recently called out by both former and current employees for fostering a toxic work environment, to Elon Musk, who has regularly made headlines for toxic behavior, poor leadership can lead to drops in productivity, mental health distress and high turnover rates if not properly addressed. Here's how to suss out if you're a bad boss — and what to do instead: