There is a change coming effective January 1st, 2020 to the minimum salary threshold needed to classify employees as salaried. Employees must earn at least $12,000 more than under the previous law. This change will impact over 1 million workers nationwide so make sure you are prepared. Also note there are other requirements to meet in order to legally classify someone as “salaried” as discussed in this previous episode of Local Business Talk.
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Thank you to the show sponsor Ideal Payroll Service! Ideal Payroll helps small business owners simply their payroll processing. Whether you have 1 employee or 100 employees, contact Ideal at 402-614-3028 for your small business payroll, time keeping, and human capital management needs!