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What you should know about annualization

In an attempt to satisfy fringe benefit requirements for projects that require a prevailing wage, you might begin to offer more generous benefits to your employees. However, it is important to remember the annualization requirement for certain fringe benefit payments....

Fringe Benefits: Workers’ Compensation Premiums

Workers’ compensation (workers’ comp) insurance is an expensive, yet important part of your overall HR compliance requirements. Workers’ comp costs are calculated based on the total pay for an employee — these costs can add up if employees are doing riskier work. The...

Paying fringes in cash can cost thousands

Construction companies are wasting hundreds of thousands of dollars each year by paying fringe benefits in cash. Working on government contracts requires contractors and subcontractors to abide by the Davis Bacon Act, in which companies have to pay a certain...

Alaska Prevailing Wage Laws

Below are some frequently asked questions about prevailing wage laws in Alaska. Contact us for any specific questions. What is Prevailing Wage? The prevailing wage rate was established to ensure that contractors have a level playing field when bidding on government...

Alabama Prevailing Wage

Below are some frequently asked questions about prevailing wage laws in Alabama. Contact us for any specific questions. What is Prevailing Wage? The prevailing wage rate was established to ensure that contractors have a level playing field when bidding on government...

Davis Bacon Investigation

As part of the Department of Labor’s ongoing goal to audit and verify that the correct prevailing wage rates are paid on federally funded construction projects (including projects that involve partially funded by federal funds), the Wage and Hour Division (WHD) of the...