Finance News & Insights

New overtime rules coming up fast: Your best ways to prepare now

Get ready: Your company will soon be working with a new salary threshold for overtime eligibility. [Read more…]

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The ‘common’ Payroll mistake that cost this company $165-plus

Even if the DOL acknowledges a company made a minor, “common” mistake regarding overtime calculations, it doesn’t mean the agency will let that company off the hook. [Read more…]

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Ex-DOL admin offers alarming preview of what could happen with new OT rule

While the majority of industry experts expect the DOL to create a new overtime rule that sets the salary threshold somewhere in the $33K ballpark, there’s at least one person who sees a scenario where employers will have to comply with the originally proposed $47K threshold. And there’s good reason to take what she says very seriously.  [Read more…]

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Why this company is out $5M over a missing Oxford comma

CFOs everywhere will likely want to double- or triple-check their job descriptions and classifications after hearing this company’s unfortunate story. [Read more…]

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Court officially closes door on one chapter of DOL overtime rule: What’s next?

A recent court ruling officially killed the controversial changes to the Obama-era DOL overtime rule. That means Finance can officially scrub the $47,476 salary threshold from their collective memories. [Read more…]

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How much can improper rounding cost? For this firm, nearly $300K

If your company subscribes to the pay practice of rounding nonexempt employees’ hours to a set time, you’re certainly not alone. [Read more…]

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DOL considers a change to overtime rule most CFOs would love

To find a suitable alternative to the OT rule changes created during the Obama administration, the Acosta-led DOL is considering a change that would address one of the chief complaints about the previous administration’s changes.  [Read more…]

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The cost of ignoring compliance during growth: $3.4 million

When your company is growing rapidly, it’s easy to ignore the less-pressing business issues, such as minor compliance tasks. But as a recent DOL settlement shows, doing so can prove very, very costly. [Read more…]

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OT rule essentially dead, and the feds want your help drafting a new one

Good news for Finance: The current version of the DOL’s overtime rule is all but dead. [Read more…]

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That other major overtime bill Finance should watch closely

Your company is one step closer to being able to pay workers comp time in lieu of time-and-a-half for overtime hours worked. [Read more…]

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