On November 15, a federal court voided the new overtime rule that was going to increase the FLSA salary threshold to $43,888 annually.
Minimum salary threshold increases These thresholds are used in part to determine if an employee is eligible for overtime (non-exempt) or not (exempt). Salary level is just one of three tests in determining exemption, but is the key threshold changing. Today, the salary threshold is $35,5...
Continue ReadingFifth Circuit Ruling: 2019 Salary Threshold Increase Did Not Exceed Authority From Leniency to Scrutiny: The New FLSA Certification Landscape BySeyfarth Shaw LLP,Christina Jaremus,Lennon B. Haas&Noah A. FinkelonAugust 28, 2024 ...
The salary threshold for overtime eligibility has reverted to $684 per week.This means that employees earning less than this amount are likely entitled to overtime pay if they work over 40 hours in a week. This situation is still evolving.Employers should regularly check the Department of Labor...
Learn what to know about the Fair Labor Standards Act (FLSA). Discover how it impacts your business and what can happen if you don't comply.
Salary basis test. Generally, an employee is paid on a salary basis if s/he has a "guaranteed minimum" amount of money s/he can count on receiving for any work week in which s/he performs "any" work. This amount need not be the entire compensation received, but there must be some ...
Compensation Structure: The company must pay the employee a salary instead of an hourly wage. Only salaried workers qualify for overtime exemption. Minimum Salary Requirement: The salary must meet or exceed $455 weekly. This threshold ensures that the employee earns a stable income that aligns wit...
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A. If an employee is paid a fixed salary each workweek for hours that vary up and down from week to week, the employer may use an overtime calculation method called “fixed salary for fluctuating workweeks”. This is the method that some companies in the past used to refer to informally...