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TOP Stories

 

SOX Audits of Small Companies' Internal Controls Delayed
Acknowledging that the costs of Sarbanes-Oxley Act (SOX) compliance have been "significantly higher" than the U.S. Securities and Exchange Commission originally projected, the agency has delayed the application of SOX Section 404(b) to small public companies until next year.
SHRM Member Exclusive

Report: U.S. Pandemic Flu Strategy Needs Job, Wage Protections
The U.S. government's pandemic flu strategy should include job protection and income support for those who contract the disease, says a report on pandemic flu preparedness. The American Civil Liberties Union sponsored a study that says the federal government has pushed security-oriented policies that treat "the sick as potential enemies," rather than as victims who need treatment and support.
 

Thursday, December 13, 2007
Proposed Rules Would Increase Disclosure of Fees Affecting 401(k) Plans
The U.S. Department of Labor has proposed rules that would enhance disclosure to fiduciaries of 401(k) and other employee-benefit plans to assist them in determining the reasonableness of compensation paid to plan service providers and conflicts of interest that may affect a service provider's performance under a service contract or arrangement. Read on ...

 

 

November 26, 2007

Some Health Plans Let Companies Recoup Employees' Medical Costs
A collision with a truck left Deborah Shank permanently brain-damaged. Her
family won a $700,000 settlement, but most of it will go to her former employer.
Read on...

 
 
 
Tuesday, November 16, 2007
Avoiding Dress Code Lawsuits
There are several reasons to have a dress code at work, according to Ilene Berman, a partner in the Atlanta law firm of Taylor, Busch, Slipakoff, and Duma, LLP. Berman was a presenter at BLR's 2007 Employment Law Update conference in Orlando, Florida. Read on ...

 
  Tuesday, November 13, 2007
Paid Sick Leave: On Your State's 2008 Ballot?
The question of whether employers should be required to offer paid sick leave could be put to the voters of several states in 2008, according to a USA Today article. Read on ...

 

Home Page Article

WHAT’S HAPPENING IN THE NEWS?

Effective July 24, 2007, the federal minimum wage increased from $5.15 per hour to $5.85 per hour. Every employer subject to the Fair Labor Standard Acts minimum wage provision must post, and keep posted, a notice explaining the “ACT” in a conspicuous place in all their establishments. Copies of the poster may be downloaded directly from the DOL (Department of Labor) website at www.dol.gov.
Remember, July 24, 2007 is just the first date of three incremental increases in the Federal Wage Standard. The incremental increases will take place in the following manner:

 -First Increase: $5.85 per hour effective July 24, 2007
 -Second Increase: $6.55 per hour effective July 24, 2008 (one year after the first increase)
 -Third Increase: $7.25 per hour effective July 29, 2009 (two years after the first increase)

September 7, 2007 is National 401(k) Day. This day provides employers opportunities to bring more awareness and education to their employees regarding 401(k) and other employer sponsored retirement plans.

 

For information regarding regulatory updates you may visit the following websites:
*Department of Labor (DOL): www.dol.gov
*Internal Revenue Service: www.irs.gov/businesses

 

 

 
 

 

 

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