Our recent webinar, Overtime and Minimum Wage 2025: Essential Compliance Updates for Payroll, led by Product Marketing Manager Jerika Holton, covered key regulatory updates payroll teams need to be prepared for in the new year. Here’s a summary of the highlights and where to find the key slides. Below, we recap the key highlights.
Watch the full session here:
The webinar kicked off with an overview of the new overtime regulations from the Department of Labor, set to take effect on January 1, 2025. These regulations raise the salary thresholds for overtime eligibility under the Fair Labor Standards Act (FLSA). Compliance is essential, as penalties for violations can reach up to $2,000 per incident.
Read Now: Navigating Overtime Laws by State and the Federal Overtime Law Change
The discussion shifted to updates in minimum wage structures, covering tiered increases, tipped wage standards, and municipal rates influenced by local regulations.
Read Now: Navigating 2025 Minimum Wage Changes: What Employers Need to Know
To wrap up, we detailed how Greenshades' solutions can help navigate these changes seamlessly. Our automated payroll processes, location-based adjustments, and proactive compliance measures ensure accurate handling of both overtime and minimum wage regulations, simplifying payroll management and reducing manual errors.
2025 brings significant compliance changes, particularly for overtime and minimum wage laws. By leveraging Greenshades’ solutions, payroll teams can stay compliant and operate more efficiently.
Missed the webinar or want a personalized demo? Reach out to us at Sales@Greenshades.com or visit our contact page.