The Department of Labor has proposed an update to the regulations governing which executive, administrative and professional employees—i.e., "white-collar" workers—are entitled to the Fair Labor Standards Act's minimum wage and overtime pay protections.doi:10.1002/nba.30118...
The FLSA stipulates a number of different ways to pay workers, including hourly, salaried, day-rate options and more. Each one has different rules when it comes to overtime, and we’ll break them down one by one. Contents Overtime for Salaried Employees Overtime for Hourly Employees Overtim...
An Important Change in Overtime Regulations for Exempt Employees New overtime rulesrequire that salaried employees making less than a specific amount qualify for, and must be paid for, overtime. The new rule has a higher salary level for exemption from overtime than the previous rule; that is...
States that do not have their own overtime rules default to the federal law. Starting January 1, 2025, salaried workers earning less than $1,128/week, or $58,656 annually will be eligible for overtime pay. Many employers opt to use specialized payroll platforms that can automate over...
First, the salary threshold could remain the same, with employers following the same rules they always have; second, new legislation could be proposed to protect salaried employees—but with an employer-friendly emphasis, such as a gradual increase in legislation or exemptions for small businesses....
It’s also possible for unionized workers to have different overtime rules. Unauthorized Overtime Overtime presents a unique challenge at work, balancing the employer’s need for control over work hours with the employee’s right to compensation. Managing such situations requires understanding both ...
Overtime pay for 10 hours: 10 hours x $26.40 (1.5 times the weighted average rate) = $264 Total weekly paycheck: $704 + $264 = $968 How to calculate overtime pay for salaried employees As mentioned above, some of your lower-paid exempt workers who receive less than $68...
Employers can now often get around the rules: Any salaried employee who's paid more than $455 a week - or $23,660 a year - can be called a "manager," given limited supervisory duties and made ineligible for overtime. Yet that would put a family of four in poverty territory. Obama ...
DOL proposes changes to overtime rules for salaried workers The Department of Labor has proposed an update to the regulations governing which executive, administrative and professional employees—i.e., "white-collar" workers—are entitled to the Fair Labor Standards Act's minimum wage and overtim....
How much do you pay for overtime? Are there any federal, state, or local laws that govern overtime for your business? Most businesses don’t pay their salaried employees overtime, and someemployeesdon’t qualify for overtime even if you pay them on an hourly basis. A large portion of ...