Remove Employment Remove Manufacturing Remove Overtime Remove Salary
article thumbnail

Expert Q&A: Understanding the DOL’s Overtime Rules

HR Digest

The overtime rules went into effect on January 1, 2020. Under the new proposal, people earning a salary level of $679 for 40 hours per week (about $35,308 annually), will be eligible for overtime pay based on varied duties. Six discussions were held, and it was decided that the present compensation for overtime was inadequate.

article thumbnail

Overtime Pay: Exempt Vs. Non-Exempt

BerniePortal

*This blog is adapted from the second episode of HR Party of One , Overtime Pay: Exempt Vs. Non-Exempt, which you can view below. You probably already heard that the Department of Labor released a final rule last year that increased the overtime wage threshold, and many organizations are going to face some changes related to that new rule.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Salary Agreements are made in Australia

Global People Strategist

Starting in March 2020 there will be some new changes to the way that annual salary arrangements are structured in Australia across a variety of industries. It is important to note that this new legislation has created clear limitations surrounding overtime hours.

Salary 52
article thumbnail

The essential guide to payroll in the Philippines

Ascender

While the Philippines is still considered an emerging market, it enjoys a strong and stable economy with low-interest rates, a focus on growing industries such as manufacturing and agribusiness, and a young and educated workforce. Some non-taxable allowances are often factored into a worker’s salary package. Reporting and compliance.

Payroll 97
article thumbnail

Labor Code in Iceland

Global People Strategist

Iceland is a country primarily supported by fisheries and manufacturing industries which allow for the harvesting and export of marine products and goods. Overtime work, however, is limited to 48-hours per week. The overtime pay rate per hour in Iceland is 1.0385% of the regular monthly wage. Contract of Employment.

article thumbnail

New Labor Code of Vietnam

Global People Strategist

Both the employer and employee are allowed to sign a separate probation agreement. Overtime Cap. The monthly overtime cap has been extended from 30 hours to 40 hours, according to the New Labor Code. The monthly overtime cap has been extended from 30 hours to 40 hours, according to the New Labor Code. Salary Scheme.

article thumbnail

The essential guide to payroll in New Zealand

Ascender

Its major industries are tourism, manufacturing, and agriculture, with information technology growing rapidly. Every employee must have a written employment agreement, which identifies all details of the employer-employee relationship. New Zealand’s free-market economy contributes to their high wages and standard of living.

Payroll 90