Small businesses in Chicago are coping with the latest minimum wage increase to $10.50. The current federal minimum wage is $7.25, but local and state governments can vote to increase wages above the federal level. In December 2014, Chicago City Council approved the Minimum Wage Ordinance raising …
Illinois Will Soon Be Mandating 401K Plans
The Illinois Secure Choice Savings Program has been delayed. A pilot program is anticipated to begin in 2018 with enrollment beginning in phases in 2018 and 2019. Dates and information are not ready available as the Senate moved in a vote in May of 2017 to roll back an Obama-led Department of Labor …
What Do FLSA Overtime Changes Mean For Your Company?
Under the Fair Labor Standards Act of 1938, commonly referred to as FLSA, the new overtime pay regulations are a game changer for Illinois small businesses. It’s not as simple as deciding to increase pay or reclassify employees as non-exempt. There’s other concerns that small to mid-sized companies …