Michigan interest rates rising: The Michigan interest rate for underpayments and overpayments of taxes has increased from 5.41% to 5.9% for the period of January 1, 2019 through June 30, 2019. Source: Michigan Department of Treasury, Revenue Administrative Bulletin 2018-23, November 13, 2018
Two more states increase minimum wage: The mid-term elections have ushered in a wage boost for workers in Arkansas and Missouri. Voters approved ballot initiatives that will raise the minimum wage in Arkansas from its current $8.50 an hour to $11.00 an hour in 2021. In Missouri, voters gave the go-ahead to increase the state minimum wage of $7.85 an hour to $12.00 an hour by 2023.
Did you know? The number of job openings hit the highest level on record. The U.S. now has 11 job openings per 10 unemployed persons. While job openings have been rising across the economy, manufacturing, construction, hotels, and restaurants had the highest increases in recent months. The biggest issue for employers is quality of hire. Source: The Wall Street Journal 9/12/18
U.S. DOL requested current FMLA forms to be extended to 2021: The U.S. Department of Labor (DOL) has asked the Office of Management and Budget (OMB) to approve its model FMLA forms through 2021 (with no content changes). For now, the expiration dates of the current forms have been extended until July 31, 2018. After that date the forms can still be used. Source: CCH 7/23/18
ASE’s salary budget survey is now open: Please participate. For more information, or to request your organization’s participation materials, contact ASE’s Survey team at 248.223.8051 or Surveys@aseonline.org.
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