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Just because you're salaried doesn't mean you're automatically exempt from overtime. Most employees are entitled to be paid overtime (1.5 times your regular hourly rate) under the Fair Labor ...
For more on salary, overtime and wage issues, take a look at my columns on salaried workers and why they may be entitled to overtime, and working off the books.
An amendment permitted state and local government employers to compensate their employees' overtime hours with paid time away from work in lieu of overtime pay. [37] Paid time off must be given at the rate of one and one-half hours for each hour of employment for which overtime compensation would be required by the Fair Labor Standards Act. [37]
Time off in lieu (TOIL), [1] compensatory time, or comp time is a type of work schedule arrangement that allows (or requires) workers to take time off instead of, or in addition to, receiving overtime pay. A worker may receive overtime pay plus equal time off for each hour worked on certain agreed days, such as public holidays.
Compensation can be fixed and/or variable, and is often both. Variable pay is based on the performance of the employee. Commissions, incentives, and bonuses are forms of variable pay. [2] Benefits can also be divided into company-paid and employee-paid. Some, such as holiday pay, vacation pay, etc., are usually paid for by the firm. Others are ...
It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year. ... Some 3.6 million salaried workers would newly ...
According to the FLSA, unless exempt, employees are entitled to receive overtime pay of at least "time-and-a-half", or one and one-half times normal pay, for all time worked past forty hours a week. Some exemptions to this rule apply to public service agencies or to employees who meet certain requirements in accordance to their job duties along ...
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