when working excess hours, an exempt employee does not receive overtime or time and a half. Time and a half is 1.5 times the hourly rate of the employee—the minimum that an employer has to pay for overtime. The act marks overtime as any hours that exceed 40 hours...
However, the employee might stay late and clock overtime without first asking permission if big projects come up on their task list. Other times, employers will ask employees to work overtime and offer a day off to balance it out. Either way, the overtime still needs to be recorded. The...
Exempt Income: Superannuation Fund [Section 10(13)] Superannuation fund is a retirement benefit provided by the employer to an employee. To build the superannuation fund, the employer makes a contribution every year to the group superannuation policy. Any payment made from a superannuation fund to ...
Are you sure that you aretaking all the money that you deserve keeping in mind your employer’s retirementmatching? 401(k) matching is a significant benefit that many workers search forand regularly antic… Deskera BlogDamini ChandankarHow Do I Calculate My Full-Time Equivalent (FTE) Employee ...
California's overtime law requires employers to pay non-exempt workers overtime for each hour worked over 8 hours in a single workday, 40 hours in a single workweek or six consecutive days in a workweek. The overtime is paid at the rate of one and a half times the employee's regular...