Many employers don’t know the ins and outs of workers’ compensation. What’s covered? What’s not covered? The following information, provided by Pinnacol Assurance, helps explain some of the basics. What is Workers’ Compensation? Workers’ compensation (often referred to as workers’ comp or workman’s comp) is a type of business insurance and a Colorado state-mandated employer-held…
Read MoreBeginning January 1, 2024, under the Colorado Transparency Act (CTA), businesses that meet certain criteria will be required to submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which will include information about the individuals who ultimately own or control the company. Congress enacted the Corporate…
Read MoreOn Jan. 9, 2024, the U.S. Department of Labor’s Wage and Hour Division (WHD) released its final rule on worker classification, “Employee or Independent Contractor Classification Under the Fair Labor Standards Act”. The final rule, officially published on Jan. 10, will become effective on March 11, 2024 – 60 days after it is published in…
Read MoreFor the past six years, J. Kent Staffing has invested in third-party customer satisfaction surveys to gather and validate ratings from both our corporate clients and talent (temporary associates and placed candidates). We are very proud to announce that we have earned six consecutive years of Best of Staffing in both categories – Client and…
Read MoreLast September’s proposed rule by the U.S. Department of Labor (DOL) seeks to increase the minimum salary level from $684 per week ($35,568 annual salary, or $17.10 hourly for full-time employees) to $1,059 per week ($55,068 annual salary, or $26.48 hourly). Currently, to qualify for an exemption from minimum wage and overtime pay, employees “generally…
Read MoreColorado’s Family and Medical Leave Insurance Program (FAMLI) is in full swing. Both employers and employees started contributing to the program in 2023, and employees can now apply for and take FAMLI Leave, if eligible. There’s a lot for Colorado employers to know about FAMLI and how it works. In last month’s blog, we touched…
Read MoreOn December 14, 2023, the IRS announced that the 2024 business standard mileage rate will increase by 1.5 cents per mile – from 65.5 cents per mile to 67 cents per mile, beginning January 1, 2024. The boost in the standard mileage rate comes despite a recent decrease in fuel prices. Other factors, however, have…
Read MoreIn November of 2020, Colorado voters approved Proposition 118 which paved the way for a state-run Paid Family and Medical Leave Insurance (FAMLI) program. The FAMLI program will ensure all Colorado workers have access to paid leave to take care of themselves or their family during life circumstances that pull them away from their jobs…
Read MoreAt the end of each year, we share information on what is happening with minimum wages locally, around the country, and also at our company – J. Kent Staffing. Denver and Colorado’s 2024 Minimum Wage – $18.29 and $14.42 Per Hour, Respectively The minimum wage for employees (not including tipped employees) in Denver will be…
Read MorePrior to Colorado’s “Equal Pay for Equal Work Act” which went into effect in 2021, it was commonplace for job applications and interviewers to ask how much someone earned in their previous jobs. Companies, hiring managers, and recruiters have since made the necessary adjustments to eliminate questions about prior compensation from their applications and interviews.…
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