Learn all about overtime. Explore legal requirements, state laws, overtime rates, & more, as defined by the Fair Labor Standards Act (FLSA).
What does “full time exempt” mean? A labor lawyer explainsMost white-collar jobs qualify as exempt employment. A full-time exempt employee is someone who works full-time hours and is exempt from certain state and federal wage and hour requirements, such as overtime and the minimum wage....
Extra Expense Coverage:Extra expense coverage assists in covering the additional costs your company may incur to minimize or avoid a shutdown. This may include items such as renting temporary office space or equipment, payingnon-exempt staffovertime, or covering the cost of temporary transportation ...
Ad hoc pay is a non-regular payment given to an employee outside of their normal paycheck. Unlike your regular salary, it’s a one-time bonus triggered by specific reasons like a stellar project completion or covering unexpected work expenses. These payments are typically handled quickly to add...
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To date, 10% of an employee's "ordinary time wages" must be contributed by the employer. Overtime rates are exempt, while bonuses and commissions are subject to this pay tax as well. Payroll tax There are two types of taxes you may see on a payroll. To simplify, the payroll tax is...
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. ...
Overtime Explain who is eligible for overtime pay and how the rate is applied. Nonexempt employees covered by the FSLA must be paid no less than minimum wage for all hours worked and at least one-and-a-half times their regular pay rate for each hour worked over 40 in a workweek. If...
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A minimum wage is a legally mandated pay floor for non-exempt, hourly employees, and several different types exist — federal, state, and local. The highest applicable minimum wage in any given area takes precedence.