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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.

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A Guide to Calculating Pensionable Earnings for Employers

Employee Benefits

For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. Explaining pensionable earnings Pensionable earnings are crucial for employers in determining the amount to be paid into their employees pensions. It encompasses all the additional earnings mentioned above.

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Comp time vs. overtime – What you need to know

Insperity

When employees work more than 40 hours in a week, can they be paid with compensatory time (comp time) vs. overtime? In many cases, overtime pay is the only option. The Fair Labor Standards Act (FLSA) governs what employers must do under federal law. They would still maintain a 40-hour work week and would not earn any overtime.

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Four-day school weeks could have FLSA impacts for businesses

Business Management Daily

You can adjust parents’ (or any employees’) work schedules to this new normal with no loss of pay, but if they’re nonexempt and can’t work from home, you must also consider your obligation to pay overtime if they end up working longer than 40 hours in a week. The regular rate is figured by dividing salary by 40 hours.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

The evidence of the impact on engagement, attraction and retention is in the employer’s turnover rate, which is lower than the UK average, proving that it is a worthwhile initiative for it to do each year. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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Key considerations when updating a job description

Business Management Daily

While there is no technical requirement that employers have or provide job descriptions under federal or most state laws, not having up-to-date job descriptions is asking for trouble. Designation of FLSA overtime status The Fair Labor Standards Act (FLSA) provides guidelines for when, workers can be classified as exempt or nonexempt.

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Are wages or salary fully covered by workers’ compensation insurance?

Workers' Compensation Perspectives

She likes the variety of assignments offered by the employer, which is building her experience in the industry. per hour, bonuses, overtime pay, stock options, and some great fringe benefits (including tuition reimbursement for her master’s degree now underway two nights per week), Marion is enjoying the career she always wanted.