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Regulatory Roundup: October 2019
October 31, 2019Wage and Hour Division (WHD) set a new record for compliance assistance events in FY 2019, holding more than 3,700 educational outreach events.
In an October 28 press release, the U.S. Department of Labor announced that their Wage and Hour Division (WHD) recovered a record $322 million in wages owed to workers in Fiscal Year 2019. In addition, it said the WHD set a new record for compliance assistance events in FY 2019, holding more than 3,700 educational outreach events, including presentations and trainings. According to U.S. Secretary of Labor Eugene Scalia, “The U.S. Department of Labor is committed to ensuring workers receive the wages they have earned.”
The record amount of wages recovered highlights the importance of submitting accurate payroll and remaining diligent in keeping up with the latest compliance changes and news. Errors like worker misclassification or incorrect overtime allocation can have a lasting impact. It can result in audits by the government or extra hours spent making corrections.
Paylocity is here to support you through compliance and tax challenges. Automating and streamlining your payroll processes can help save you time and ensure accuracy. Moreover, a Compliance Dashboard can alleviate much of the burden of maintaining compliance. Our dashboard provides you an overview of I-9 work authorizations, a summary of EEO data, document acknowledgment and more to help keep your organization compliant. As a bonus, the compliance alerts we post to our News page can also be seen on the dashboard, helping you stay up-to-date on the latest changes.
Bookmark our blog and be sure to come back every month for Regulatory Roundups of tax and compliance alerts you need to know. To see past alerts and to stay up-to-date on the latest changes, bookmark our News page and follow our social channels on Facebook, LinkedIn, and Twitter for urgent updates.
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This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.
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