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[DOCX File]rtoa.org
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Exempt employees must meet a certain salary threshold and perform certain job duties, which are specified in the FLSA and interpreting regulations. Misclassification of employees (as exempt versus non-exempt) can result in a company paying a significant amount in damages.
exempt salary requirements 2020

[DOCX File]Microsoft Word - FLSA Frequently Asked Questions for …
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The new standard salary threshold for the impacted exemptions above is $47,476/year ($913/week). Similarly, there has been an increase in the highly compensated employee (HCE) exemption. . The final rule increases the annual compensation level to $134,004/year.
exempt employee 2020 guidelines

[DOC File]Policy Regarding Deductions from Salaries for Employees ...
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Dec 12, 2020 · Because exempt employee salary requirements are tied to the state minimum wage, small employers (25 or fewer employees) must pay exempt employees an annual rate of at least $54,080, and large employers at least $58,240 in 2021.
federal exempt salary 2020

[DOCX File]Brown University
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—rather than annually like stated in the proposed rule. This update will be linked to salary growth in the lowest income region in the country (currently the South). This means that by Jan. 1,...
federal salary minimum wage 2020

Changes to Overtime Rules
[Salaried employees are not exempt per se under the rules, but must meet other tests and standards for exemption.] The Regulations review the types of deductions which may be made from an employee’s salary during any pay period and their effect on the employee’s status as exempt or non-exempt from overtime pay requirements.
non exempt vs exempt checklist

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There have been minimal changes to the ratios this year as salary levels have remained at 2019 rates. This is due to the fact that national pay award negotiations have not yet been concluded for 2020/21. The ratio between the highest employee salary Chief Executive (£164,238) and lowest employee salary (£17,364) has remained at 9.46:1.
2020 exempt pay

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The U.S. Department of Labor in spring 2016 announced changes to the Fair Labor Standards Act (FLSA), raising the salary threshold for employees who are exempt from time-tracking requirements and overtime pay to $913 per week ($47,476 per year).
federal minimum exempt salary

[DOC File]Agenda Item No - Microsoft
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Higher Salary Threshold Requirement. The final rule increases the minimum salary level of $455 per week ($23,660 per year) to . $913 per week. or $47,476 per year. The new salary level represents the 40th percentile of wages earned by workers in the lowest-wage census region in the United States (currently the South) for a full-year worker.
minimum salary for exempt employees 2020

[DOC File]Welcome to the Flathead Valley Chapter | Flathead Valley SHRM
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This salary level was set in 2004. The new proposal would update the salary threshold using current wage data, projected to January 1, 2020. The result would boost the standard salary level from $455 per week to $679 per week (which is equivalent to $35,308 per year).
exempt salary requirements 2020

[DOC File]Introduction
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Effective January 1, 2020, the US Department of Labor is changing the new minimum salary for which an employee can be designated as exempt from overtime requirements from $455 per week or …
exempt employee 2020 guidelines

2020 salary threshold for exempt employees