Why Some Employees Are Exempt From Overtime Because of the nature of their work, some employees are considered to be exempt from receiving overtime pay. In order to be classified as exempt, an employee must have specific types of job duties. The Fair Labor Standards Act (FLSA) recognizes...
2024.all workers who are covered and nonexempt must receive overtime pay when they work over 40 hours per workweek. The rate must be no less than 1.5 times their regular pay rate. Hours worked include all time spent onsite at the workplace, on duty, ...
and it likely impacted your clients. According toestimates from the DOL, it impacts more than a million exempt American workers that fall between the old and new thresholds. Learn more about the overtime rule and how timekeeping can keep your clients compliant. ...
Timekeeping and Managing Overtime As mentioned, the first step for employers should be determining which employees are affected by the final rule. According toestimates from the DOL, over a million exempt workers fall between the old and new thresholds. From there, consulting with a labor law ex...
A salary is a fixed amount of pay an employee earns during a year. Salaried employees are usually exempt from overtime pay. Salaries are usually paid bi-weekly or monthly. A salary is another type of gross pay that an employer and employee can negotiate. ...
Currently, for an employee to be exempt from overtime pay, they must be earning at least $684/week or $35,568/year. This is known as the Standard Salary Threshold. The new rule, however, will increase the threshold over the coming years: On each of these dates, employees who are paid...
It’s important to note that some states have their own salary and duties tests for determining whether an employee is exempt from overtime, and these state laws can be more protective than federal law. Employers must follow the law that provides the greater protection to employees 💡Tip: Ha...
Exempting overtime from taxes could make recruiting hourly paid workers easier for businesses. No taxes means more take-home pay for workers racking up overtime, making it more attractive than an equivalent salaried job. However, the tax incentive could work the wrong way, Hamrick warns. “It...
Figure out how to calculate overtime pay by multiplying the regular rate of pay by 1.5 and total overtime hours. Learn state laws and mistakes to avoid.
It’s called time and a half pay because it’s equivalent to an employee’s hourly rate multiplied by 1.5 per hour of overtime. Who qualifies for time and a half? According to the FLSA , some employees are exempt from time and a half pay, while others are non-exempt. Exemption and ...