Beat The Summer Heat With Cool Opportunities
Stay Cool and Informed at Bridgely Key Options.
Hello PEO Sales Brokers and Agents,
As we dive into the heart of summer, the temperatures aren’t the only things heating up. The PEO market is sizzling with opportunities, and there’s no better time than now to leverage the resources and support offered by Bridgely Key Options. Just as we seek ways to stay cool and comfortable during these scorching months, working with Bridgely Key Options can help you stay ahead of the game, keep your sales process smooth, and capitalize on the latest market trends.
The Summer Heat and Hot Opportunities
Even with this heat, Florida Construction is synonymous with growth and activity. Businesses are bustling, and the need for efficient employer back-office solutions is more pressing than ever. This season presents a golden opportunity for PEO sales brokers and agents to offer businesses the robust solutions and insurance coverage they need to manage their expanding workforce efficiently. Bridgely Key Options provides you with the tools, resources, and expertise to turn these prospects into successful client relationships.
Stay Cool with Bridgely Key Options
Navigating the PEO market can be challenging, but with Bridgely Key Options by your side, you can keep your cool even when the competition heats up. Our support team is here to assist you every step of the way. Whether you have questions about a client’s needs or need help with a complex deal, our team provides timely and effective solutions, helping you stay confident and collected.
We understand the importance of work-life balance, especially during the summer months. Our flexible scheduling options allow you to work at your own pace, ensuring you stay productive without missing out on summer fun.
Important Update: Federal Overtime Changes
In addition to the exciting opportunities this summer, we want to keep you informed about recent changes from the federal government regarding overtime for salaried positions. The U.S. Department of Labor has updated the overtime regulations under the Fair Labor Standards Act (FLSA). Here are the key points you need to know:
The U.S. Department of Labor (DOL) increased the salary threshold for overtime exemptions in two phases, effective July 1, 2024 and January 1, 2025:
- July 1, 2024: The salary threshold increased from $684 per week ($35,568 per year) to $844 per week ($43,888 per year) for executive, administrative, and professional (EAP) employees. This means that salaried workers earning less than $844 per week are eligible for overtime pay for all hours worked over 40 hours per week.
- January 1, 2025: The salary threshold increased again to $1,128 per week ($58,656 per year) for EAP employees. The threshold for highly compensated employees (HCE) also increased from $107,432 per year to $132,964 per year on July 1, 2024, and then to $151,164 per year on January 1, 2025.
Employers affected by these changes must either increase the salaries of their employees or reclassify them as non-exempt and pay them overtime premium pay. However, some recommend that employers wait to make changes until the rule’s effective date, as it could be delayed or blocked by legal challenges.
These changes present an excellent opportunity to discuss with your clients how PEO services can help them navigate these regulatory adjustments smoothly. Bridgely Key Options is here to provide you with the insights and support you need to address these changes effectively.
Join the Bridgely Key Options Team
This summer, let Bridgely Key Options help you turn the heat of the season into a time of growth and success. With our advanced tools, dedicated support, and flexibility, you can stay cool while achieving remarkable sales results. Embrace the opportunities that lie ahead, and let’s make this summer a season of unparalleled success.
Stay cool, stay informed, and keep selling!