In 2020, we are working on some additional initiatives that will allow our law firm to give back, whether with additional monetary donations, time donated to causes near and dear to us, and also by taking on some advocacy work.
We know that many of our clients are mission-driven, and while we're usually quiet about our charitable endeavors, we're excited to take more of an active, vocal role this year.
Do you have employees? Then you need to know about some important wage and hour law changes coming in 2020 for employers.
Many employers mistakenly believe that if they pay employees a salary, they don't need to pay them overtime. That is mistaken.
New federal rules are coming that make over one million employees newly eligible to receive overtime. If an employee is eligible for overtime, an employer will have to pay time and half for all hours worked over 40 in a week.
The final rule updates the earnings thresholds necessary to exempt executive, administrative, or professional employees from the FLSA's minimum wage and overtime pay requirements, and allows employers to count a portion of certain bonuses (and commissions) towards meeting the salary level.
In the final rule, the Department is:
It's important to note that if you are not pay salaried employees the minimum level, you'll need to pay overtime.
For hourly workers, changes are coming on a state level. Beginning on July 1, 2020, the minimum wage in Pennsylvania will be $8.00 per hour. In January 2021, it will be $8.50, $9.00 by July 2021, and $9.50 on Jan 1, 2022.
Evaluating wages is also a great time to take a look at all of your employment policies and procedures. Are you using the proper non competes, non solicitation and non disclosure agreements?
Set up a call with our legal staff today to discuss how we can help with your labor law compliance.
Aren't these puppies so cute? Do you love your business as much as puppies? We hope you do!
Are you looking for ways to grow and protect your business in 2020? Have questions about how to manage your employees? Whether a trademark is finally worth it? Curious about expanding into a new line of business? Worried you forgot something important in the start-up process and now you need to circle back to make sure you're actually protected?
Sign up for a Profit & Protection Strategy Session. In this one hour session, we'll go over your plans for 2020, audit your current way to doing business and make suggestions for additional profit and protection opportunities.
Our usual cost is $350, but if you book by 12/15/19, we're offering $100 off. Book Now!
Sarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way. When you're looking for a business lawyer in Philadelphia, the Main Line or New Jersey, we can help.