Is It Beneficial to Hire Apprentices for Davis-Bacon Act Projects?
Apprenticeship programs in federally-funded construction projects are an ideal way to start your career in the construction industry. Any working profession, including construction, can benefit from an apprenticeship as a kind of craft training. Apprentices get to train with experienced professionals and learn various related skills such as carpentry, masonry, repairs, plumbing, welding, and other […]
The Wage and Hour Division on Prevailing Wage Rates
Every industry has an enforcing body that administers laws to safeguard the rights of both employers and employees. In the case of federal-funded construction projects, the Wage and Hour Division within the Department of Labor is responsible for implementing federal labor laws. THE WAGE AND HOUR DIVISION The Wage and Hour Division is accountable […]
All You Need To Know About Fringe Benefits
As employers work to contribute to the company’s success, companies must also compensate employees with the benefits they are entitled to. Finding the best team members means offering comprehensive packages to them – salary and fringe benefits included. What are fringe benefits? A fringe benefit is an additional benefit that is provided in addition to […]
Journey People Stated in Wage Determination
When working in an industry that provides payroll services to contractors and subcontractors, they frequently ask where the information for the apprentices’ salary is located when it comes to wage determinations. The quick answer is it’s not listed on wage determinations. It solely includes the hourly wage and total amount of fringe benefits for the […]
Wage Determination Categories
The Wage and Hour Division has outlined four general categories of wage determination and construction. Where there are separate wage determinations, they may each apply. Construction types, with at least 20% of the construction project’s total cost or more than $2.5 million Here are four construction categories that are represented in wage determinations: HIGHWAY The […]
What are Prevailing Wages & How Do They Affect Employment Practices?
You have undoubtedly come upon the term prevailing wages if you have considered bidding on a federal government construction project. However, you may not realize how critical it is to fully understand what this means or how it can affect your bid and employment practices. Keep reading for a brief overview of the subject. […]
The Benefits of Prevailing Wage Laws
As a business owner, you are acutely aware of the importance of making sure your employees are adequately compensated for their labor. Prevailing wages are the industry standards in your area regarding fair payment for your workers. Besides just being in compliance with the guidelines of the federal government, there are many practical benefits of […]