It’s not easy doing business in New York. PrevailChoice by GMR has you covered. With over 20 years of experience helping builders and contractors, GMR excels at installing prevailing wage benefits, compliance programs and managing DOL audits. We’ve provided constant support and solutions since the very beginning of annualization enforcement in New York, solutions that work for you and your employees.
If you’ve determined that New York State Department of Labor (NYSDOL) annualization regulations indeed apply to you, you may be asking yourself, “What do I do next?” On the surface it’s simple. “Annualization” refers to the time period over which employer contributions are divided by to calculate an...
Let’s take a look. According to the New York State Department of Labor (NYSDOL,) employers have three options when it comes to providing NYS prevailing wage (PW) fringe supplements:
1 - Pay the PW fringe supplements as cash in the paycheck, along with the required prevailing wage base rate. Fringe...
In April 2011, the NYSDOL put in place rigid requirements for notifying employees of pay changes, known as the Wage Theft Prevention Act (WTPA.) Then in 2015 after many employers voiced their concerns about the value and burden of these regulations, they loosened the notification requirements to essentially say that notification must...
