Skip to main content

 U.S. Department of Labor Announces Proposed Rulemaking to Implement Executive Order, Increase Wages for Workers on Government Contracts.  U.S. Department of Labor (07/21/21)

The U.S. Department of Labor has announced a Notice of Proposed Rulemaking to establish standards and procedures to implement and enforce Executive Order 14026, “Increasing the Minimum Wage for Federal Contractors,” signed by President Joe Biden on April 27. 

The Executive Order will increase the minimum wage for workers performing work on or in connection with covered federal contracts to $15 per hour beginning Jan. 30, 2022; continue to index the federal contract minimum wage in future years to an inflation measure; ensure a $15 minimum wage for workers with disabilities performing work on or in connection with covered contracts; and restore minimum wage protections to outfitters and guides operating on federal lands.

The department invites comments from the public on the proposed rule at regulations.gov. The comment period closes Aug. 23.

Full Story: https://www.dol.gov/newsroom/releases/whd/whd20210721 

Comments

Popular posts from this blog

FREIGHT FACTORING SERVICES

  Flexible freight factoring services designed to help trucking and transportation companies with their cash flow. 4 OR MORE TRUCKS (ADVANTAGES) Advances on freight bills up to 95%-98% Non-recourse freight factoring Flexible terms with competitive rates (The objective is to beat our competitors) Funding is customized to your needs You choose which invoices to factor 24/7 free online credit checks Online reporting Invoice generator Invoices are submitted electronically (little or no extra paperwork) Fuel Card Fuel Advances Excellence in customer service 1 TO 3 TRUCKS (ADVANTAGES) We create the invoices and send them to your customers We create the schedule of accounts Instant online credit approvals to keep you moving Non-recourse factoring Customizable programs, competitive fees Industry-leading client service Competitive rates (Our objective is to beat our competition) FUEL PROGRAM Universal acceptance at more than 6,400 truck stops in the U.S. and Canada Fuel discounts in over 1,900
Why freight factoring is so important to a carrier?  Freight factoring is the blood flow of cash flow, a carrier to remain competitive and operate successfully must offer credit to its customers, typically 30 to 90 days, so this is cash that the business will not receive right away, so how can the business operate having to wait that long for their payments, well, freight factoring?  With factoring, the trucking company sells its outstanding invoices to a factoring company right after the invoice is issued, providing the carrier with the necessary cash to continue operating without a cash flow shortfall. https://www.1sttruckingfactoring.com
Freight factoring is the purchase of accounts receivables and ideal for trucking companies that typically bill their customers on credit terms of 30 to 90 days, it is designed to eliminate the cash flow problems associated with aged receivables. For more information visit:  https://www.1sttruckingfactoring.com/