Question: We have an employee claiming they shouldn't be classified as exempt from overtime. If it turns out they're right, what are the penalties for misclassification? Answer: The cost of misclassification can be steep and will depend on several factors, such as how many employees are misclassified,...
Question: What is the difference between a discretionary bonus and a nondiscretionary bonus? Answer: A discretionary bonus, as its name implies, is a bonus awarded at the sole discretion of the employer and is awarded without employee expectation. In other words, there’s no promise or agreement...
Question: A new employee told coworkers that she received a signing bonus. Now they’re upset, saying they’ve been here longer and haven’t gotten anything extra. What should I do about this situation? Answer: First, don’t reprimand the new employee who shared her salary information. Discussing pay...
Question: An employee hasn't shown up to work the last few shifts and isn't responding to messages. Can we make a policy that employees who quit without notice won't get their final check? Answer: No, federal law requires you to pay employees for all hours they have worked....
On Tuesday, July 4, we will celebrate Independence Day (“the Fourth of July”) to commemorate the adoption of the Declaration of Independence and formation of our great nation. In the midst of the fireworks and festivities, Payroll Partners would like to remind you that since...
In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to HSA limits: For calendar year 2024, a "high deductible health plan" is defined as a health plan with an annual deductible that is not less than $1,600 for self-only coverage...
Question: How do we handle pay for an employee out on military leave? Answer: Employees on military leave are due the same rights and benefits (when not determined by seniority) as nonmilitary employees who take any comparable form of leave. Comparable is not well defined, but...
Juneteenth National Independence Day became the 12th legal public holiday, celebrating the emancipation of the last enslaved African Americans. On that day in 1865, Union soldiers led by Gen. Gordon Granger arrived in the coastal city of Galveston, Texas to deliver General Order No. 3,...
On Jan. 1, the minimum wage increased in 23 states. From a 23-cent increase in Michigan to an increase of $1.50 in Nebraska, people who earn minimum wage are celebrating in many places across the nation. Now, a major influence regarding the adjustments has been the...
On Monday, May 29th, we will celebrate Memorial Day in honor of all the brave men and women who have made the ultimate sacrifice while defending our country. As we prepare to remember our fallen heroes, Payroll Partners would like to remind you that since...