The article focuses on the guidance regarding tax-exempt employees under the Fair Labor Standards Act (FLSA) cited in opinion letters issued by the U.S. Department of Labor Wage and Hour Division. One letter discusses the right of employers to deduct from the wages of employees for damage ...
On November 15, a federal court voided the new overtime rule that was going to increase the FLSA salary threshold to $43,888 annually.
Remind employees that they are valued and let them know you are required to make changes in light of the federal government’s new wage and hour rules. The DOL has made clear that the goal is to make more people eligible for overtime pay — which means more workers will likely need to ...
Additionally, employees who are currently salaried and exempt and don’t track and report their hours worked, if they fall into these pay ranges and do not meet the other tests, they will become non-exempt and must begin tracking all time worked. This may requirenew systems or tools. High...
On these dates, HCE employees paid below these salaries will be eligible for overtime. How Will This Change Impact Non-Profits? Unfortunately, non-profits are not exempt from the new thresholds and must pay overtime according to the rules. The National Council of Nonprofits analysis predicts tha...
“Final Rule” regulation that will impact minimum salary requirements for employees, including those in municipal positions, to maintain their status under what is commonly called the “white collar” exemptions from the minimum wage and overtime requirements of the Fair Labor Standards Act (FLSA)....
Administration Releases New Overtime Rules The Department of Labor has released its long awaited rule updating the regulations governing overtime pay for employees. Under the current regulations, the salary threshold for exemption is $455 per week ($23,660 per year) and the new rules will update...
Wage Order 15 has always exempted personal attendants from California’s overtime rules. Employers have always been required to pay at least minimum wage for all hours worked, but until adoption of the Domestic Workers Bill of Rights, the employees were not entitled to overtime regardless of the...
Exempt or Non-Exempt? When to Pay Overtime The rules that determine the eligibility of employees for overtime pay are discussed. The non-exempt workers are entitled to overtime pay for any hours wor... G Lee 被引量: 0发表: 2003年 Industry should brace for revised overtime rules A plan...
Sep 28, 2023 | Blog SEC Adopts New Transparency Rules for Private Fund Advisers On August 23, 2023, the Securities and Exchange Commission (“SEC”) adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to ...