Kickstart The New Year: Business Prep Essentials
Article: December 2024
The Chamber’s new CHUMCAP (Chamber Human Capital) series is designed to help share important HR information and offer suggestions on where to get support. The Southington Regional Chamber of Commerce is partnering with experts in the field to help you protect your business and your employees.
As 2025 begins, businesses should gear up for a year of changes in regulatory compliance.
A change in administration often brings uncertainty about employment laws, such as overtime rules and the classification of independent contractors. As of November 15, 2024, a federal court has effectively blocked the new overtime exemption rule. Consulting with an employment attorney can help you anticipate changes and address unique business needs.
Connecticut employers should prepare for a minimum wage increase and the CT paid sick leave adjustments.
Ready the Essentials:
- Tax Forms: Ensure W-2s and 1099s are ready for distribution.
- PTO Accruals: Verify paid time off resets align with your policy.
- OSHA Reporting: Prepare your OSHA Form 300A to post workplace injury summaries from February 1 to April 30.
For support with employment practices, visit the CHUMCAP page at SouthingtonChamber.com or call the Chamber office at 860.628.8036. Chamber member experts in the field provide additional information on this page and offer suggestions for guidance and customized support. (This article is a collaboration of the Southington Regional Chamber of Commerce, eGage Human Resources & Safety Consulting, and Employment Attorney Allie Levene.)