Top 4 Compliance Issues of 2020

March 30, 2020

By Cathy Hulsey

In an ever-evolving compliance landscape, laws continuously change. From OSHA and ADA to FLSA and Title VII, sections are regularly updated, added or removed to ensure employees are fairly and ethically treated. So, what does this mean for your business?

At SourcePointe, our team continually monitors impending compliance changes, ensuring your team is prepared for updates that may impact your company. This year, consider prepping your business for these four changes that we anticipate will affect companies across the country:

Changes to the Fair Labor Standards Act

In January 2020, the U.S. Department of Labor announced that 1.3 million employees may be eligible for overtime pay. Previously, the “standard salary level” for workers was set at $455 per week. However, under this new guidance, the level has escalated to $684 per week – equivalent to $35,568 per year. This change now opens access to overtime pay to thousands of individuals across the country.

So, what should you do? Ensure that all employees who fall below this new salary limit are compensated fairly – whether through a salary adjustment or making the switch to hourly pay.

Minimum Wage

In the Southeast, Florida plans to increase their minimum wage to $8.56 per hour to account for a cost of living increase. Across the Midwest, employees will see a dollar increase to $9.25 – which will continue to slowly rise until the minimum wage reaches $15 in 2025.

The minimum wage conversation is ongoing. Make sure you’re prepared for any updates that may come to your state by partnering with our team of compliance experts.

Discrimination and Harassment Updates

In the wake of the #MeToo and “Time’s Up” movements, Connecticut has increased its sexual harassment training requirements, while Washington passed new anti-harassment protections for hospitality and retail workers, property services contractors and security companies.

This trend of increased training and protections rolled out widely in January of 2020 and is likely to be adapted by more states soon. Because discrimination and harassment laws differ by state, it’s important to check your local laws to ensure you’re following the most up-to-date regulations.

Expanded Paid Leave Laws

California recently announced that its policy of six required weeks of paid family leave will be increased to eight weeks, while Washington’s employees will have access to paid leave for the first time ever.

Five states expanded their paid leave laws in 2020, with more states being expected to add provisions in 2021. Paid leave laws are expanding rapidly and our team can help ensure you’re ready to act when it’s needed.

With compliance changes occurring more rapidly than ever, it’s important to make sure you’re aware of all potential updates that may impact your company. Since keeping up with the latest laws can seem overwhelming, the SourcePointe team is here to take the burden off your plate – giving you the peace of mind you need to focus on making your business the best it can be.

To learn more about SourcePointe’s compliance assistance, click here.

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