HR Tip of the Week: Tips for 2020 Salary Budget Planning Due to Mandated Pay Increases
It’s crunch time for employers to plan salary budgets for 2020 given the DOL Final Rule on the salary threshold, which was raised to $35,568/year for employees classified as exempt, in addition to the state minimum wage increase to $9.45/hour for hourly employees, effective January 1, 2020. Here are four points to consider during planning:
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