Exempt Salary Updates Understanding the Latest Changes in Exempt Salaries

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Join Matt as he breaks down the upcoming changes to the minimum salary requirements for exempt employees. With over 3 million employees affected, it's crucial for employers to stay informed and compliant. • In this episode, Matt shares his extensive experience working with small businesses to help you understand the new regulations, evaluate your team's pay, and mitigate potential liabilities. • • Changes in minimum salary thresholds starting July 2024 and January 2025 • • Strategies for compliance and avoiding wage compression • • Actionable steps to ensure your organization is prepared • Key Takeaways: • 1. Understand the new salary thresholds and their impact on your organization. • 2. Proper classification of employees as exempt or non-exempt is critical to avoid costly back wages and penalties. • 3. Employers need to evaluate their team’s salaries and consider possible reclassification, wage adjustments, or adding employees to maintain compliance and morale. • ► TIME STAMPS • 0:00 - 1:26 - Intro • 1:27 - 2:55 - Matt’s Experience and Background • 2:56 - 6:09 - Updates on Minimum Salary Requirements for Exempt Employees • 6:10 - 7:52 - How does Somebody Qualifies as Exempt? • 7:53 - 9:36 - What can you do moving forward? • 9:37 - 11:04 - What are your Options? • 11:05 - 11:26 - Visit guHRoo • 11:27 - 11:41 - Outro • Thanks for watching! Exempt Salary Updates: Understanding the Latest Changes in Exempt Salaries • ►WATCH NEXT • ✓The ONLY Four Ways You Can Generate Leads • ✓Unlock the Secrets to Scaling Your Payroll Business • 👉Enjoying the show? Subscribe Now! • ►Are you enjoying Culture Compliance? Please subscribe and rate us five stars on your player of choice. It helps us continue to improve. • • YouTube - • Culture Compliance • • Apple - https://podcasts.apple.com/us/podcast... • • Spotify - https://open.spotify.com/show/680NlYA... • • 👉About the Host • Find Matt on LinkedIn here: / mattvaadi • 👉Resources • Marketing Case Study - How we 10x’ed Our Inbound Leads - https://www.guhroo.co/case-study/ • Three Keys to Expand Your Payroll Business - • Three Keys to Expand Your Payroll Bus... • Selling in a Virtual World - • Video • Get 42 free HR templates: https://go.guhroo.co/25-free-hr-templ... • Exempt Salary Updates: Understanding the Latest Changes in Exempt Salaries | HR Simplified

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