Greenwood Village, CO is a city agency in Colorado dedicated to upholding state compliance regulations and ensuring the well-being of its residents. With a focus on transparency and accountability, the agency works diligently to maintain a safe and thriving community for all who call Greenwood Village home.
Overtime pay is a fundamental element of labor law, ensuring that employees are fairly compensated when they work beyond their standard 40 hours a week. It’s designed to protect workers from overwork and to encourage employers to hire additional staff if needed rather than relying on excessive hours from existing employees.
Starting in 2024, the Department of Labor (DOL) is implementing significant updates to the overtime rule, potentially impacting millions of employees and the businesses that employ them.
The minimum hourly pay in Connecticut climbed to $15.69 as of Jan. 1, 2024, which comes on the heels of a minimum wage system that has already steadily risen in recent years. This rise is a component of a larger program related to the Employment Cost Index (ECI), which is intended to help earnings match everyday living expenses.
Businesses have been especially affected by this systematic pay change. Knowing about these changes ahead of time can ensure you remain compliant with state regulations and control your labor costs.
For a growing company, exiting a professional employer organization (PEO) can be invigorating. Suddenly, you’re the captain of the ship, where HR can actually be a growth driver rather than a restraint. To take full advantage of that newfound freedom, however, the right technology must lead the way. In other words, you need to build an HR tech stack that serves you well today, while still being scalable and adaptable for tomorrow. And that’s no easy task.
Paul Boynton |May 18, 2025
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