HR Monthly Round Up - September 2023
Welcome, everyone! In the next few minutes, we'll review the latest in HR news. Let's get started.
The U.S. Department of Labor issued a proposed rule that would raise the minimum salary level for exempt employees to $55,068 per year. Highly compensated employee salaries would increase as well. The rule also proposes that, after three years, the salary levels would automatically be updated.
While many companies have exempt employees who already earn higher salaries than what's being proposed, smaller businesses could feel a pinch in their profits if this rule is finalized.
In other news, soon employers subject to EEO-1 reporting must submit their 2022 data online to the Equal Employment Opportunity Commission. This must be done between October 31 and December 5. The reporting requirement applies to private sector employers with 100 or more employees, and federal contractors with 50 or more employees meeting certain criteria.
Speaking of the EEOC, in mid-September the agency and the Department of Labor's Wage and Hour Division signed an agreement to enhance and maximize the enforcement of federal laws and regulations.
For employers, this means if one of the agencies comes knocking on the door to investigate a workplace issue, they can share what they find with other agencies. This collaboration could lead to more violations being discovered.
Lastly, on September 21, the EEOC released its Strategic Enforcement Plan for fiscal years 2024 through 2028. The plan lists the agency's priorities which include combatting pay discrimination, advancing equal pay, preventing and remedying systemic harassment, and addressing retaliation.
That's all the HR news we have time for today. For more information on these topics, click the content links in the transcript below. Thanks for watching. See you next month!