Proposed Labor Rules and What They Could Mean for Businesses

When it comes to labor and the workplace, what is the difference between rules and laws? And what topics are top-of-mind within Washington, D.C.? Find out on this episode of Paychex THRIVE, a Business Podcast, as host Gene Marks talks with Labor and Employment Reporter for the Bloomberg Industry Group, Diego Areas Munhoz. Hear about where some of the key labor rules stand, including those on worker classification, overtime, minimum wage, and more.

Topics Include:

00:00 – Welcome, Diego Munhoz
0:2:33 – Covering workplace and labor
03:41 – Impact of a new Secretary of Labor
06:11 – Rules vs. laws
07:44 – Status of worker classification rule
10:45 – Debate on worker classification
14:38 – Risk of impending lawsuits
15:49 – Changes to overtime rules
17:58 – Phased changes to threshold
20:25 – Outlook on minimum wage increase
22:43 – Thoughts on national minimum wage
26:02 – Mandated vacation rules
27:49 – Focus on paid leave
29:28 – Wrap up

Learn more about the proposed worker classification rule at www.paychex.com/articles/compliance/dol-independent-contractor-rule.

Find out what you need to know about overtime at www.paychex.com/articles/compliance/flsa-new-overtime-rule.

Find out the impact raising minimum wage could have on small businesses at www.paychex.com/articles/human-resources/raising-minimum-wage.

DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.