The article discusses overtime pay for salaried workers. Paying an employee a weekly salary does not necessarily make him ineligible for overtime pay. The federal Fair Labor Standards Act (FLSA) says that the duty to pay overtime depends upon the type of work your employees do. The FLSA ...
When do you have to pay a salaried employee overtime? It's true that exempt employees work on a salary basis. But don't assume that all salaried employees are exempt employees. You may still have to pay salaried employees overtime if: ...
The article discusses overtime pay for salaried workers. Paying an employee a weekly salary does not necessarily make him ineligible for overtime pay. The federal Fair Labor Standards Act (FLSA) says that the duty to pay overtime depends upon the type of work your employees do. The FLSA exe...
Calculating wages accurately helps ensure your employees get compensated fairly. This involves determining gross pay based on the number of hours worked for hourly employees or the agreed-upon salary for salaried employees. You also need to factor in overtime, bonuses, commissions, and other forms ...
If you’re unsure about how many pay periods your salaried employee has per year, take a look at this chart: Overtime pay If your employees are eligible for overtime wages, you must also include that in your calculations. The overtime rate is an employee’s regular rate times one and ...
Step 2: Calculate payroll payments for employees Once you collect accurate data on the number of hours worked, calculate your employees’ gross pay (how much they earn before taxes are withheld). For salaried positions, like managers, gross pay will be the same every pay period, determined by...
When it comes to pay calculations, the method you use depends on if you’ve got part-time or full-time employees. Hourly employees are paid based on the number of hours they've worked during a pay period, while salaried employees receive a predetermined amount each pay period, regardless of...
Once your employee starts you’ll need to agree with them when payments will be made. This is usually on or around the end of the month for salaried employees being paid 12 times a year - but you can agree alternative arrangements, such as payment on a 4 weekly cycle, if you prefer....
Calculate how much gross pay you owe each employee.For salaried employees, this is the amount of salary they receive on a biweekly (every two weeks), monthly or semi-monthly (twice a month) basis. For hourly employees, it’s a little different. Hours are calculated based on the hours th...
The logic behind this question makes sense with respect to salaried employees being consideredexempt employees, which means they are paid a fixed amount regardless of how many hours they work. (By contrast, non-exempt employees are paid on an hourly basis and entitled to overtime wages, so the...