Employees who fall under the highly compensated employee exemption must earn $107,432 per year, NOT $132,964. FLSA overtime rule update: Fast facts Want the quick scoop on the DOL new overtime rule? We’ve got you covered: The DOL new overtime rules that was set to begin on July...
As the final quarter of 2024 begins, many employers are turning to the year-end review process, while you’re planning for raises, bonuses, and other employee incentives this comp season, you’ll need to account for the new exempt salary threshold that is scheduled to take effect January 1...
New Overtime Rules Result in Major Employee Adjustment, Says Tiffany HildrethHildreth, Tiffany
For some organizations, employees in this range rarely work beyond 40 hours a week, so the impact here would be minimal. But for those whose employee base includes many roles that often work more than 40 hours a week, the overtime could add up and have an impact on the bottom line. ...
摘要: THE FEDERAL REGULATIONS DEFINING WHEN A WHITE-collar employee does not need to receive overtime...出版时间: November 2004 收藏 引用 批量引用 报错 分享 全部来源 求助全文 questia.com highbeam.com findarticles.com 相似文献 同作者Productive cities: opportunity in a changing economy Most ...
On March 7, 2019, the Department of Labor released its long-awaited proposed rules addressing which employees may be eligible for overtime pay. Specifically, the proposed regulations raise the salary threshold from the current level of $455 per week to $679 per week, or from $23,660 ...
The overtime pay must be at least 1.5X the employee’s usual rate for any hours worked beyond a 40-hour week. So, if an individual works 46 hours a week and earns $20/per hour, they will be entitled to $180 overtime pay. It’s worth noting that this rule has always been in pl...
New exemption tests suggest employees whose primary duties include office and non-manual work aren’t guaranteed overtime, which has many employee groups, including registered nurses, some administrative workers, and certain computer employees, worried. Labor Secretary Elaine Chao said in recent ...
Overtime is also not required if an employee is asked to work an extra-long shift, say over 8 hours in a single day, as it’s the workweek’s total hours that count towards overtime. However, employees’ contracts may set additional compensation for these scenarios in which case such an...
Consider being a temporary worker with the assurance that your pay matches that of your permanent employee peers. This is what the new Illinois law promises. From January 1, 2024, temporary workers can expect comparable pay and benefits after 90 days of service, in accordance with the Illinois...