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Why sudden job losses put people at risk of bankruptcy

Roths Child Law

Most people are rather flippant about the prospect of losing a job. Unfortunately, job loss is often a more serious issue than people realize. Not only will there be more competition for any nearby open positions, but businesses that are hiring may offer lower wages because they know people are desperate.

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Minimum Wage in the United States. What is all the fuss about?

TAMSEY

This is an important concern for most people, whether they are deciding to study or accept a job offer abroad because it directly impacts living conditions. In that light, the prevailing federal minimum wage of $7.25 How is the minimum wage set? How is the minimum wage set? federal minimum wage.

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What Employers Need to Know About the “Executive” Exemption Under the Federal Fair Labor Standards Act (FLSA)

Jimerson Firm

However, not all employees are covered by the minimum wage and overtime pay provisions of the FLSA. Defining the Executive Exemption Being an “executive” employee exempt from the FLSA means that the employee is not entitled to the minimum wage and overtime pay protections provided by the FLSA.

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Department of Labor Releases Final Rule for Tipped Employees

Burr Forman

The Fair Labor Standards Act (“FLSA”) generally permits employers to pay tipped employees less than the minimum hourly wage, provided that the tips the employee receives are at least equal to the difference between the required cash wage (which must be at least $2.13 This is known as the “tip credit” rule.

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New Guidance for Employers on W-2 Reporting for Sick and Family Leave Wages Paid Pursuant to the Families First Coronavirus Response Act

Fraser

Department of Treasury (“Treasury”) released guidance to employers regarding the requirement to report the amount of qualified sick leave wages and qualified family leave wages paid to employees under the Families First Coronavirus Response Act (“FFCRA”). The first 10 days of the 12-week job-protected leave is unpaid.

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Avoiding Wage and Hour Lawsuits in the Financial Services Industry

Jimerson Firm

Wage and hour lawsuits under the Fair Labor Standards Act (“FLSA”) make up a significant percentage of employment lawsuits in the United States, and particularly in Florida. That trend holds true in the financial services industry, despite such lawsuits being more commonly associated with lower paid jobs. Exempt Versus Non-Exempt.

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Five Stories that Matter in Michigan This Week – August 12, 2022

Fraser

Court Ruling to Raise Minimum Wage, Paid Sick Leave Stayed Until February 2023. Why it Matters: Had it not been stayed, the ruling would have required Michigan businesses to, within 21 days, significantly increase minimum wages and paid sick leave for employees.