Mitigating Legal Risks: Essential Compliance Practices for 2024 Final Paycheck Law

In 2024, failure to adhere to a state's regulations on final paychecks can result in fines and legal costs. While federal guidelines provide flexibility for employers regarding the issuance of final compensation to departing employees, state laws on final paycheck compliance vary and may change over time, posing challenges for HR professionals. Staying updated on regulatory changes is crucial to prevent penalties for non-compliance with final paycheck rules.

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Explore the essentials of final paycheck laws across various jurisdictions, navigating the complexities of local, state, or federal regulations. Learn the key regulations for issuing final paychecks, including timing, deductions, and accrued benefits, to ensure compliance and mitigate legal risks when an employee leaves.

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• Exploration of payroll final check requirements across different jurisdictions
• Understanding local, state, and federal laws governing final paycheck issuance
• Importance of timing, permissible deductions, and inclusion of accrued benefits
• Essential knowledge to ensure compliance and avoid pitfalls when ending an employee's tenure
• Valuable insights into varying rules that could impact businesses

• Any professional that touches the payroll process.
• Human Resources Managers
• Payroll Specialists/Managers
• Finance Officers
• Compliance Officers
• Business Owners/Entrepreneurs
• HR Generalists
• Legal Advisors/Counsel
• Accountants
• Operations Managers
• HR Consultants
• Hiring Managers
• Managers of people

• This program has been approved for 1.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
• This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP.