The article discusses overtime pay for salaried workers. Paying an employee a weekly salary does not necessarily make him ineligible for overtime pay. The federal Fair Labor Standards Act (FLSA) says that the duty to pay overtime depends upon the type of work your employees do. The FLSA ...
However, the federal government (specifically the Department of Labor) assumes that all employees must be paid overtime if they work more than a certain number of hours in a week. As a result, some salaried employees are also paid overtime, and this calculation is a little trickier. Here...
The Trump Administration has announced the final revised Overtime Rule for salaried employees, which will set the minimum yearly salary for exempt employees at $35,568 or $684 per week as of January 1, 2020. Please see this page for the latest updates. 3. Professional Exemption To qualify ...
For salaried employees in a profession that puts them in the non-exempt category, these employees are eligible for overtime pay. What Is the Pay Rate for Mandatory Overtime? When an employer requires an employee to work more than 40 hours in a week, the pay rate should be calculated at ...
Both Florida and federal laws require that employers pay hourly employees overtime if they work more than 40 hours in a week. Additionally, overtime for salaried employees may apply under certain conditions, depending on how their positions are classified and their specific duties. Employers ...
Both Florida and federal laws require that employers pay hourly employees overtime if they work more than 40 hours in a week. Additionally, overtime for salaried employees may apply under certain conditions, depending on how their positions are classified and their specific duties. Employers ...
For example, if she’s terminated on August 30, her final paycheck would include hours worked from August 20 through August 30. Salary Calculations for Exempt Employees Exempt employees are usually salaried employees who don’t qualify for overtime. These employees are usually put on a 40-hour...
The new rule also could affect some salaried employees who make six figures a year. Currently, workers in other fields can be exempt from overtime if they earn $107,432 annually. Starting July 1, the threshold will increase to $132,964 per year. On Jan. 1, 2025, that amount goes to...
In 2014, President Barack Obama directed the Secretary of Labor to update overtime regulations for salaried employees under the Fair Labor Standards Act. In response, the Department of Labor (DOL) issued the Overtime Final Rule, intending to put more money in the pockets of middle class workers...
Under the federal law, nearly all hourly workers in the U.S. are entitled to overtime pay after 40 hours a week. But many salaried workers are exempt from that requirement—unless they earn below a certain level. The Labor Department’s now-scuttled rule would have marked the biggest incr...