November 2021
MANDATORY VACCINATION AND TESTING UPDATE
On Nov. 4, 2021, the Occupational Safety and Health Administration (OSHA) announced a federal emergency temporary standard (ETS) to require affected employers to mandate employee vaccines or weekly testing. Click the following link to read our bulletin for more details on the OSHA ETS.
FULL ARTICLE INCLUDES: The latest updates made on November 12th by a U.S. federal appeals court.
DOL CLARIFIES PAY REQUIREMENTS FOR TIPPED EMPLOYEES WITH DUAL JOBS
On Oct. 28, 2021, the U.S. Department of Labor (DOL) announced the publication of a new rule for tip regulations under the Fair Labor Standards Act (FLSA). The new rule clarifies that employers may only take a tip credit for tipped employees when these employees are performing work that is part of their tipped occupation. The new rule becomes effective on Dec. 28, 2021.
Workers can only be paid the tipped minimum, established under federal law at $2.13 per hour, for tasks that directly support tipped work and do not take up more than 20% of a worker’s time or 30 consecutive minutes.
2 WORKPLACE PERKS FOR PART-TIME WORKERS
Employers are constantly looking for ways to attract and retain workers. These efforts often include tailoring benefits packages or adjusting compensation. While valuable offerings, these solutions don’t always address the needs of one critical workplace segment: part-time workers.
In some cases, part-time employees don’t qualify for benefits packages; in others, they are only offered limited perks. An obvious solution would be expanding all benefits to all employee segments, but that’s not feasible in many cases. Instead, employers can consider offering perks that speak directly to the unique needs of part-time workers. This article identifies two coveted workplace perks that part-time employees are looking for right now.
NEW 401(K) LIMITS FOR 2022
On Nov. 4, 2021, the Internal Revenue Service (IRS) announced new caps for employee and company 401(k) contributions in 2022:
2021 2022
Maximum employee elective deferral (age 49 and younger) $19,500 $20,500
Employee catch-up contribution (age 50 or older) $6,500 $6,500
Maximum employee elective deferral plus catch-up $26,000 $27,000
The new 2022 limits have been updated in our payroll system to ensure that the contributions from our clients’ employees do not exceed the annual dollar limits. Please let us know if you have any questions.
2022 MINIMUM WAGE CHANGES
Check out our chart below for a full list of states that have upcoming minimum wage increases in 2022.
FULL ARTICLE INCLUDES: Complete chart with over 20 states, including local laws.
Questions, comments, feedback?
If you are interested in more information on Employco’s services, please contact:
Rob Wilson 630-286-7345 robwilson@employco.com
If you are an existing client and have questions or concerns, please contact:
Jason Eisenhut 630-286-7341 jeisenhut@employco.com