This seems simple, but exempt employees are not required to track their hours; therefore, employers may not be fully aware of the hours an exempt employee is working. Analyze the financial impact. Will you raise pay to the new threshold level, reclassify as non-exempt and pay overtime, or...
salaries to the new threshold when the rule goes into effect. Another solution may be to reclassify employees as nonexempt, which could subject the employer to increased overtime costs. In addition to the new federal rule, employers will also want to ensure that the states in w...
Assessment of the impact of the overtime-exemption guidelines in the FairPay rules of the Labor Standards Act on employers; Percentage of employers who did not reclassify any employees from exempt to nonexempt status due to the new federal overtime regulations; Reasons for employers to conduct ...
The Final Rules clarify that certain 403(b) plans (generally, those that were frozen as of January 1, 2009) are exempt from the fee disclosure rules. Initial Disclosure of Indirect Compensation. The Final Rules add an additional initial disclosure requirement. The covered service provider must de...
NYS DOL New Rules for Minimum Wage Increases, Exempt Employee Threshold Take Effect 12/31/16John D. Geelan
"Musik, a science peculiarly productive of a pleasure that no state of life, publick or private, secular or sacred; no difference of age or season; no temper of mind or condition of health exempt from present anguish; nor, lastly, distinction of quality, renders either improper, untimely or...
The FLSA permits the payment of a fixed salary for fluctuating hours (an arrangement also called the “fluctuating workweek method”) as one way employers can meet their overtime pay obligations to nonexempt employees, if certain conditions are met. Under the current regulations governing fluctuating...
Under what is known as the “continuous workday doctrine,”“the period between an employee’s first and last principal activities of the day will ‘in general’ be compensable” under the FLSA. This can trip up employers if they do not pay their none...
which have been fitted with the Gold series keywork where these are to be used by a qualifying disabled recorder player. To maintain exemption for these products we are unable to sell them to non-qualifying recorder players as to do so will lose them their VAT-exempt status for all users....
The DOL clarified that even if a manager or supervisor works an entire shift in a nonsupervisory role, they cannot participate in a tip pool, as the primary duty test is based on duties performed over at least the workweek, not shift-by-shift. ...