NEW! Client Benefit Enrollment 2025 - Now in Progress!
Client Benefit Enrollment is in progress now through September 30, 2024 for the 2025 plan year. Client Benefit Enrollment is the employer's annual opportunity to add or change the benefits that will be offered to employees during Open Enrollment. Employee Open Enrollment begins on October 1, 2024. The client benefits enrollment packet was sent via email and is also posted in the Documents section of Web Payroll, in the Benefits Packets folder. For more information or to schedule an Open Enrollment meeting for your team, contact our Benefits Department at: 850-650-9935.
NEW! 2024 Florida Minimum Wage Increase
The Florida Minimum Wage will increase on September 30, 2024. Florida minimum wage will increase from $12.00 to $13.00 per hour. Employers of tipped employees must pay the employee a direct wage. The Florida Tip rate of $8.98 will increase to $9.98. The revised minimum wage poster will be available for download in the Documents section of this site when it has been released by the State of Florida. For more information regarding minimum wage updates, contact your SimpleHR Payroll Coordinator.
Salary Threshold Deadline - July 1, 2024
Effective July 1, the Department of Labor (DOL) will increase the minimum salary threshold for exempt employees due to their new overtime rule. The final rule requires that salaried workers who earn less than $43,888 ($844 per week) be eligible for overtime pay. Any employees who were considered Exempt prior to July 1, 2024, but do not meet the new threshold MUST either have their salaries adjusted to the new minimum salary threshold or have their FLSA classification changed to NON-EXEMPT status.
Should you elect to make a change in status to non-exempt, the employee will now be eligible for overtime pay for all hours worked over 40 in a workweek. For assistance regarding this updated regulation, please contact the SimpleHR Human Resources Department or your Payroll Coordinator at: (850) 650-9935.
Mileage Rate Increase
The IRS Business Mileage Reimbursement rate has been increased from 65.5 to 67 cents per mile. New rates are effective for transportation expenses paid or incurred beginning January 1, 2024.
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