KARLO Insights Blog
The DOL's New Rule on White-Collar Exemptions: Key Changes and Implications for Employers
On April 23, 2024, the Department of Labor's Wage and Hour Division announced a final rule revising salary thresholds for white-collar exemptions under the FLSA, effective July 1, 2024, and January 1, 2025. These changes raise the minimum salary for exempt employees and highly compensated employees, with further adjustments every three years. Employers are advised to review employee classifications, adjust compensation structures, and update payroll systems to comply. Legal challenges may impact enforcement, so staying informed on legal developments is crucial for maintaining compliance
NIH's CIO-SP4: A Procurement Headache Fueling Protest Surge at GAO
This article reviews the surprising uptick in bid protests filed with the GAO in 2023. Unfortunately, the statistics from the GAO may not reflect an actual uptick in the success and reliability of the GAO in effectively challenging issues, alleged by contractors, for procurements and solicitations.
The $15 Minimum Wage Fight: Biden vs. the 5th Circuit and the Future of Government Contracts
President Biden's ambitious plan to raise the minimum wage for government contractors to $15 hit a roadblock after a Texas judge ruled the Department of Labor lacked authority. Biden argues for the increase based on existing laws, while small businesses worry about increased costs and reduced competition. The legal battle, currently appealed, will influence both the fate of the $15 wage and the DOL's future regulatory power in the sector.
The Rollercoaster Ride: Why Government Shutdowns Are Still Sending Shivers Down Contractor Spines
Despite a recent stopgap measure, the threat of government shutdowns still haunts contractors. This article dives into the impact these shutdowns have beyond missed paychecks, exploring disrupted projects, supply chain woes, and even job losses. While contractors lack the formal protection of government employees, they can still prepare by diversifying their portfolio, building reserves, and seeking legal advice. As the next deadline looms, understanding these risks and taking proactive steps can help contractors weather the storm and emerge stronger.