Update and Refresher on Executive Order 14026 – Minimum Wage
Earlier this year, we covered the new Executive Order (E.O.) 14026 – Minimum Wage. However, some important updates are coming and it is extremely important contractors understand the impact of these updates. In addition to the updates, if you missed out on the course earlier in the year, we will be providing a quick refresher to get everyone on the same page!
Virtual Class: Executive Order 14026 – Minimum Wage – Update & Refresher November 15th | 10am – 12pm (CST)
WHO SHOULD ATTEND?
The new Minimum Wage effects so many levels of any Government Contractor’s organization from Pricing to HR to Recruiting to Business Development and more! The Executive Order 14026 – Minimum Wage impacts multiple departments and positions across the company. Take a look at the list below to see if you or your colleagues would benefit from this training:
WHAT WILL YOU LEARN?
When must a Federal Contractor begin paying covered employees the increased minimum wage of $16.20/hour
You will learn whether the company can wait until the next option year of the contract to begin paying the increased minimum wage rate, or in the alternative, is required instead to do so by operation of law on the stated effective date of the increased rate. Knowing the “when” will ensure employees are timely paid the new minimum wage rate, thereby reducing your chances of having back wage findings, recordkeeping violations, and fees & penalties!
Which Contractor costs associated with the increased minimum wage rate are recoverable
You will learn the allowable and unallowable costs for which a Federal Contractor may submit a Price Adjustment request.
When and how to submit your company’s Price Adjustment request for the increased cost incurred for paying the updated minimum wage rate
When is the earliest, and the latest, for submitting a Price Adjustment request? What information is required for submission to Contracting for consideration and approval? You will learn the timing, elements and steps for completing a price adjustment request.
Perform ACTUAL Price Adjustment Exercises
you will be given hands-on materials and real-life example to put to practice immediately what you have learned
And much, much more!
WHAT OUR CLIENTS HAVE TO SAY
COO at Dependable Health Services Inc.
Chief Financial Officer at Lifehealth Inc.
Benefits Administrator Complete Mobile Dentistry
Our Virtual Class will be hosted online on November 15, 2022. Register for the class down below, and we will keep you updated with virtual invitation closer to the event.
Need more time? Let's stay in touch.
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