Located in New Jersey, Time Systems International provides workforce management solutions, including time keeping software and hardware as well as other HR services. Started over 80 years ago, Time Systems International is a leader in the workforce management arena.
With the start of 2020, the Department of Labor put into effect new rules regarding overtime payment. These regulations have been in the works for over a decade. The Rule increased the salary threshold from $23,660 per year to $35,568 per year.
To tackle this change, make sure you review your overtime, scheduling, and employee exemption policies. You may have to consider how to reclassify employees because employees making more than the new limit of $35,568 per year are not automatically exempt.
To make sure your business is prepared for this and other regulatory changes down the road, consider implementing a dedicated time keeping system. It will be more important than ever to keep detailed and accurate records of employee time data.