hr management and paperless pay are readily available thanks to time and pay

The Labor Department’s Wage and Hour Division announced that the minimum wage rate for workers performing work on or in connection with Federal contracts covered will increase to $10.35 per hour beginning January 1, 2018. Also to go into effect on that date will be the required minimum wage that must be paid to tipped employees performing work on or in connection with covered contracts. It will  increase to $7.25 per hour.

In 2014, the Obama administration through Executive Order raised the hourly minimum wage paid by contractors to workers performing work on covered federal contracts to $10.10 per hour beginning January 1, 2015 with proceding annual increases to be determined by the Secretary of Labor in accordance with a defined methhodology. The same methodology is used to determine the minimum wage of tipped employees performing work on or in connection with covered contracts. The DOL is required to provide public notice of the new minimum wage rate at least 90 days before the new rate is to take effect.

The minimum wage under the Executive Order is currently $10.20 per hour, and the applicable minimum cash wage that generally must be paid to tipped employees performing work on or in connection with covered contracts is currently $6.80 per hour.

 

About Time & Pay:

Time & Pay is a professional payroll service provider located in Johnson City, TN. We service businesses of all sizes and types throughout the United States. Founded in 1992, Time & Pay provides businesses with complete payroll services , guaranteed payroll tax compliance, automated time and attendance systems and services, pay-as-you-go worker’s comphuman resource management systems and services, ACA compliance and more. We provide our customers with the cost effective tools you need to better manage your payroll, your employees and your business. Time & Pay’s services guarantee you will save money, time and aggravation and we back them up with the customer service you expect and deserve. Contact Us today to learn why business owners throughout the country are saying:

“Time & Pay! Why would you do payroll and timekeeping any other way?”

Offices:
Payroll Services  in Kingsport, TNBristol, TNJohnson City, TN;   423-854-9042
Payroll Services in  Morristown, Greenville, Knoxville, TN  865-640-5666
Payroll Services in Cleveland, Chattanooga, TN  423-794-7855
Payroll Services in Newport News, VA   757-240-2766