There is no limit to how many overtime hours an employee aged 16 or older can work so long as they are compensated appropriately. Any time a nonexempt employee works beyond that 40-hour maximum, they must be paid at the overtime rate of 1.5 times their standard rate. If not, the empl...
Overtime pay can be a tricky concept to grasp. Learn what overtime rules you have to follow and how to calculate overtime with our guide.
The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the cut's impact.
"We're committed to returning inflation to 2% over time. I've said that we wouldn't wait to get to 2% to cut rates." The Federal Open Market Committee meets and votes every six weeks or so on the federal funds rate. The next vote is in March. Powell believes it's unlikely that...
Time & Attendance Capture hours worked, breaks, and time off on timesheets Wage & Hour Automation Automate pay rate calculations to speed up payroll Benefits Enroll in financial and health benefits. Use Cases HOSPITALITY Restaurants Amusement Bars & Breweries Quick Service Restaurants Hotels...
Federal government employees get 11 paid holidays each year and Inauguration Day every four years. Private sector employers are generally not required to close for holidays or to pay overtime or holiday pay. Some states have laws that regulate employees working on holidays and holiday pay. ...
Overtime The FLSA requires employers to pay overtime at 1 1/2 times the employee’s regular pay rate. Regular hours are hours worked up to 40 for the workweek; overtime hours are work hours that exceed 40 for the workweek. The FLSA does not require double-time pay (twice the employee...
Use the Checkbox rate if the employee checks the box in Step 2 (Multiple Jobs or Spouse Works).6. Do all employees need to fill out a new W-4 form each year?No. An employee must fill out the 2025 W-4 form if they:Are a new hire OR Decide to change their withholdings ...
The Federal Employees Retirement System, or FERS, is the retirement plan for all civilian employees in the U.S. federal government. With FERS, employees receive retirement benefits from three sources: the basic benefit plan, Social Security, and the Thrift Savings Plan (TSP...
the government's monthly report on retail sales showed that Americans, particularly those with higher incomes, are still willing to spend freely. To some analysts, those trends raise the risk that further rate cuts could deliver an excessively strong boost to the economy and, in doing so, ...