If an employee makes more than $23,600 a year, they qualify for a salaried position. How the FLSA Defines Exempt Status The FLSA outlines three primary criteria for determining exempt status: Salary Level Test –The employee must earn at least $684 per week ($35,568 annually). Salary ...
The FLSA entitles nonexempt workers to a minimum wage of not less than $7.25 per hour (effective July 24, 2009) and overtime pay at a rate not less than one and one-half times the regular rate of pay after 40 hours of work in a workweek. This means that you need an accurate means...
so exempt employees end up doing the work of more than one employee. This makes overtime work the norm. Hence, many exempt employees have made the choice to leave and become self-employed as freelancers paid by the hour. This solution has ...
a. What is the natural rate of unemployment? Under FLSA, what makes an employee exempt? What economic indicator can affect the unemployment rate? What is the difference between being fired and furloughed? What was the unemployment rate in 2011?
Learn what to know about the Fair Labor Standards Act (FLSA). Discover how it impacts your business and what can happen if you don't comply.
As a business owner, you know how important it is to keep payroll running smoothly—but do your employees know how to use their pay stubs? Here’s how you can guide your team. 1. Check their pay stubs Pay stub errors can happen, and catching them early makes corrections easier. Encourag...
Exempt salaried employees receive payment on a salary basis and are exempt from FLSA overtime pay requirements, meaning the employer does not pay for overtime. To qualify for the exemption, an employee must fulfill the FLSA salary and job duties standards for her position. Exempt means that an...
The article discusses the outside sales exemption under the Fair Labor Standards Act (FLSA) and how it applies to white-collar workers in the U.S. The exemption is under scrutiny due to lawsuits filed by sales representatives against drug companies. The lawsuits pointed out that the industry ...
The employer has a legitimate paid-time-off plan that can be used for these absences, exempt employees are either not yet eligible or have exhausted their benefits under the plan. Step 2:Determine the type of leave to provide and who will be eligible. ...
Business and corporate law concerns the formation, day-to-day running, and dissolution of various types of businesses entities.