Personnel Concepts Blog:
Labor, Employment, & OSHA News
Check back frequently for the latest news and information on regulations, legislation, and agency guidance affecting businesses of all sizes.
DOL: Employee Benefits Security Administration Recovered Over $1.4B in FY 2023
Earlier this month, the Department of Labor (DOL) announced that Employee Benefits Security Administration (EBSA) investigators, in the enforcement of the Employee Retirement Income Security Act of 1974 (ERISA), recovered $1.435 billion for ERISA complaints and other...
Reminder: Deadline to Use Updated Fair Credit Reporting Act Summary Approaches
In March 2023, the Consumer Financial Protection Bureau (CFPB) published an updated version of a required notice under the Fair Credit Reporting Act (FCRA). Employers must give this notice, “A Summary of Your Rights Under the Fair Credit Reporting Act” (Summary), to...
EEOC Launches New REACH Initiative for Vulnerable Workers
On January 29th, 2024, the U.S. Equal Employment Opportunity Commission (EEOC) launched what is known as the REACH initiative (Initiative). Specifically, the agency named the new program “Enhancing OutREACH to Vulnerable Workers and Underserved Communities.” In...
DOL Recovers Over $900K for Workers Denied Overtime Pay
The Department of Labor (DOL) recently announced recovering $901,625 in back wages and liquidated damages for workers denied overtime pay. Specifically, the January 24 release states that a Florida grocery store employer wrongly exempted 75 workers from overtime pay....
IRS Releases Guidance on Reporting Digital Asset Transactions
On January 16th, 2024, the Treasury Department and Internal Revenue Service (IRS) released information regarding digital asset transactions for employers. In summary, the IRS released Announcement 2024-4, informing businesses about updates to the reporting of digital...
Final Rule on Worker Misclassification Prevention Released
On January 9th, 2024, the U.S. Department of Labor (DOL) announced a final rule for worker misclassification prevention. In summary, the rule will help employers and workers better understand employee classifications. This includes when a worker qualifies as an...