PeopleStrategy

SEPTEMBER 14, 2023

Changes Could Be Coming Whether or not you pay employees overtime right now, the number of staff you compensate in this manner could be changing. Meaning you might owe more employees overtime in the future. Department of Labor announced at the end of August a proposed overtime rule under the Fair Labor Standards Act (FLSA).

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Stratus.HR

SEPTEMBER 30, 2021

While this may enhance productivity, it’s also a source of concern for overtime liabilities. Despite advancements in technology, the laws governing overtime haven’t changed much in the last 50+ years. Which laws govern overtime? New Overtime Rule Compliance Strategies New Overtime Rule: Minimum Salary Raised to $35,568.

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Employee Benefit News

SEPTEMBER 18, 2023

If the DOL's proposal moves forward, salaried workers who make $55,000 or less a year will become eligible for overtime.

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BerniePortal

APRIL 11, 2023

The Restoring Overtime Pay Act of 2023 proposes new changes to the overtime threshold. The bill seeks to improve pay inequality by allowing certain salaried employees to earn overtime pay. Read on to learn more about the bill and how it may impact your organization.

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Business Management Daily

SEPTEMBER 15, 2023

Proposed regulations raising the salary employees must earn to be exempt from overtime were published in last Friday’s Federal Register. Determine a back-of-the-envelope exposure to overtime liability by identifying how many hours a week these employees work. You have until Nov. 7 to comment.

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HR Digest

DECEMBER 20, 2022

For this reason, it’s important to know the difference between exempt, non-exempt, salaried, and hourly employees, and the laws guiding each. . For example, exempt employees are not eligible for the pay that comes with working overtime. Many exempt employees are also considered salaried employees and hardly hourly employees. .

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HR Digest

SEPTEMBER 18, 2023

Effective from 17 September this year, the pay transparency law will now enforce regulations that ensure employers who want to advertise a job posting are clear about what salaries applicants could expect for the position. How Does the New Law Work in NY?

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Salary Commissions Retirement Plan Overtime 86

BerniePortal

JUNE 25, 2021

Department of Labor (DOL) is currently reviewing the salary threshold for eligible workers to qualify for overtime. In recent comments to the House Education and Labor Committee, Secretary of Labor Marty Walsh said that the U.S. Find out what employers need to know about this possible change and when it could take place.

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Business Management Daily

MARCH 15, 2019

Employers should start planning now how they will respond to the Department of Labor’s proposal to raise the overtime salary threshold. The post New overtime salary threshold: First steps and reactions appeared first on Business Management Daily.

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Business Management Daily

APRIL 7, 2023

The Department of Labor may soon release proposed regulations raising the salary employees must earn to remain exempt from the Fair Labor Standards Act. The current weekly salary is $684 a week or $35,568 a year. Why: Final regulations issued in 2016 almost doubled the salary threshold and were thrown out by a federal court.

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HR Digest

OCTOBER 10, 2023

One way to display this displeasure during resignation is when the salary is withheld after the resignation period is announced. Let’s look at what you can do when your salary is withheld during your notice period. What Are Legal Protections When Salary Is Withheld after Resignation?

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Abel HR

JULY 16, 2020

In this blog’s infancy, we discussed a question that comes up regularly as we talk to clients, which is, do I have to pay my employees overtime? In general, whether a person is eligible for overtime is decided by the Fair Labor Standards Act (FLSA). So let’s break it down: Who is eligible for overtime?

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Overtime Piece Rates Salary Government 52

Business Management Daily

JANUARY 9, 2020

Are you fully compliant with the new overtime rules that went into effect Jan. They raised the overtime salary threshold to $35,568. That means exempt employees earning less than that amount per year must receive overtime pay when they work more than 40 hours in a workweek. Review salary levels.

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HR Bartender

SEPTEMBER 20, 2016

Department of Labor issued a ruling this summer that changed the overtime rules under the Fair Labor Standards Act (FLSA.) Some of those changes involve converting salaried employees to hourly status. I originally happened upon your site in looking for information about the 2016 FLSA overtime issue. I am an employee.

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Salary Overtime Human Resources Government 121

HR Bartender

JULY 14, 2015

Department of Labor (DOL) published its proposed changes to the overtime regulations under the Fair Labor Standards Act (FLSA). The overtime rule changes are significant and fall into two categories: salary basis and primary duties test. Today we’re going to cover the salary basis part of the proposal.

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Employee Benefits

APRIL 17, 2024

With the cost-of-living crisis enduring, employees from some sectors are likely to be seeking additional hours, usually through taking on overtime. We gave employees in stores and plants an incentive to finish their work on time, whereas premium overtime rates provided an incentive for them to work as long as possible,” he says. “We

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Health and Welfare Overtime Management Bonuses 122

HR Digest

APRIL 25, 2019

Raises the salary threshold from $455 per week ($23,660 per year) to $679 per week ($35,308 per year). On March 7, 2019, the US Department of Labor (DOL) released a proposal to update the overtime rules under the Federal Fair Labor Standards Act (FLSA). million Americans who work more than 40 hours a week eligible for overtime pay.

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Insperity

JULY 18, 2019

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. Compensatory time: Commonly referred to as comp time, this is paid time off given to an employee in lieu of overtime pay.

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Overtime Government Salary Banking 74

Patriot Software

DECEMBER 3, 2019

million more Americans will be eligible for overtime pay, thanks to the DOL new overtime rule. The Department of Labor announced its final rule on the new FLSA salary threshold on September 24, 2019. What does this DOL overtime rule update mean for your small business? Starting in January 2020, 1.3

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Overtime IT Salary Software 60

Patriot Software

DECEMBER 4, 2019

million more Americans will be eligible for overtime pay, thanks to the DOL new overtime rule. The Department of Labor announced its final rule on the new FLSA salary threshold on September 24, 2019. What does this DOL overtime rule update mean for your small business? Starting in January 2020, 1.3

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Overtime IT Payroll Salary 58

HR Bartender

MAY 22, 2016

Department of Labor (DOL) about changes to the overtime rule in the Fair Labor Standards Act (FLSA.) Last summer, I spoke with Jonathan Segal , a partner with the law firm Duane Morris LLP regarding the proposed overtime rule changes to the minimum weekly salary requirement and the primary duty test.

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Overtime Salary Commissions Human Resources 91

Business Management Daily

SEPTEMBER 24, 2019

The white-collar overtime threshold will increase to $35,568 on Jan. million more Americans eligible for overtime pay. The new threshold means exempt administrative, executive and professional employees will be eligible for overtime pay as long as they don’t earn more than $35,568 per year. That equals weekly pay of $684.

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Overtime Salary Commissions Bonuses 40

Higginbotham

MARCH 28, 2024

Such positions often require a salary that meets or exceeds a specific threshold rather than hourly pay. These workers are usually paid hourly and are eligible for overtime pay and minimum wage protections due to the nature and hours of their work. Such disputes often involve exempt and non-exempt employee classification requirements.

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Family and Medical Leave Act Overtime Deductions Deductible 52

HR Bartender

JULY 21, 2015

Department of Labor (DOL) published its proposed changes to the overtime regulations under the Fair Labor Standards Act (FLSA). Under the Act, to be exempt (from overtime), an employee must meet 3 requirements: The employee must be paid a minimum weekly salary; The employee must be paid on a salary rather than on an hourly basis.

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Overtime Salary Deductions Deductible 128

HR Bartender

OCTOBER 25, 2016

A few weeks ago, I answered a question from a reader about converting from salary to hourly status as a result of the upcoming changes to the Fair Labor Standards Act (FLSA.) So here are a few things to consider when it comes time to talk with employees about the changes and requirements of moving from salary to hourly. Don’t delay.

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Salary Overtime Human Resources Payroll 125

HR Bartender

JULY 19, 2016

Department of Labor with changes to the overtime provision of the Fair Labor Standards Act (FLSA). In case you missed it, here’s a short summary of the ruling : The Department of Labor has set the new standard salary level at $913 per week or $47,476 annually. Exploring the Overtime Policy Piece.

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Overtime Human Resources Retirement Plan Life Insurance 90

PayrollOrg

MARCH 2, 2023

In this March 2023 edition of Compliance TV: IRS Finalizes Rules to Lower Electronic Filing Threshold for 2024; Supreme Court Rules HCE Was Owed Overtime, Not Paid a Salary; IRS Releases 2023 Form 941, Schedules, and Instructions; and more.

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Electronics Overtime Salary 104

Insperity

SEPTEMBER 8, 2016

Department of Labor (DOL) seeks greater protection for certain lower-paid executive, administrative and professional (“white collar”) employees who are currently exempt from overtime, though likely work more than eight hours a day (in select states) or forty (40) hours each week. Meet the minimum salary level (“salary level test”).

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Overtime Salary Payroll Consulting 75

HR Lineup

JANUARY 29, 2024

Earnings: Gross wages Overtime pay Bonuses or commissions Reimbursements 3. Ensure accuracy and completeness in the following details: Full Name Address Social Security Number or Employee ID Hourly Rate or Salary Tax Withholding Information Deductions (if any) Input Earnings and Hours Worked 1.

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Net Pay Deductions Deductible Payroll Software 87

Patriot Software

JANUARY 21, 2019

You’re likely familiar with the Fair Labor and Standards Act’s (FLSA’s) rules on overtime pay. But when you have employees who work varying schedules, you might be able to calculate overtime using the fluctuating workweek method. For example, the employee would earn the same weekly salary whether they worked 35 or 40 hours.

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Overtime Salary Payroll Online Payroll 46

Abel HR

FEBRUARY 27, 2020

Last fall, the US Department of Labor issued a final rule that just went into effect on the first of this year that would raise the minimum salary threshold that workers must be paid in order to be exempt from overtime requirements. times their regular pay) for any time worked over the 40-hour week-long work period.

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Salary Overtime Payroll System Payroll 52

AssuredPartners

SEPTEMBER 30, 2019

The DOL believes that this update will help maintain the original purpose of the salary level test and will help employers more readily identify exempt employees. The next stage of the project includes revisions to the special salary levels for employees in U.S. Revising the special salary levels for workers in U.S.

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Business Management Daily

OCTOBER 6, 2023

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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Overtime Deductions Deductible Salary 52

PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. State Overtime Salary Regulations Do you have employees in California, Colorado, Maine, Nevada, New York or, Washington? per hour $9,464.96 per hour Jan.

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Qandle

DECEMBER 5, 2023

Understanding Payroll Processing: At its core, payroll processing involves calculating employee compensation, including salaries, wages, bonuses, and deductions. This includes hours worked, overtime, leaves, and any additional variables influencing pay.

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AssuredPartners

MARCH 27, 2019

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Overtime Salary Commissions Bonuses 40

Global People Strategist

DECEMBER 12, 2023

Contractual Agreements: Employment contracts in Peru should be in writing and detail essential terms such as salary, working hours, and job responsibilities. Working Hours and Overtime: The standard workweek in Peru is 48 hours, typically spread across six days.

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Employment Overtime Taxes Paid Leave 96