New federal minimum wage for exempt employees
New Minimum Salary For Exempt Employees Takes Effect ...
Mar 04, 2020 · minimum wage that must be paid to all employees, unless they are specifically exempted from the application of the FLSA. That federal minimum wage is currently $7.25 per hour. Employees need not be paid on a hourly basis so long as the pay covering each workweek equals or exceeds the minimum wage standard.
[DOCX File]WELCOME TO THE FAIR LABOR STANDARDS ACT
https://info.5y1.org/new-federal-minimum-wage-for-exempt-employees_1_b28705.html
Under the FLSA, employers must pay employees no less than the federal minimum wage, which is currently $7.25 for all hours worked in a workweek. Id. at § 206(a)(1)(C). A workweek is defined as “a fixed and regularly recurring period of 168 hours—seven consecutive 24-hour periods.
[DOCX File]Q: What does it mean to be exempt or non-exempt under the ...
https://info.5y1.org/new-federal-minimum-wage-for-exempt-employees_1_5a773d.html
A. Changes were made to the tests that determine whether a position is exempt or non-exempt from the minimum wage and overtime provisions of the law. One of the most significant changes was the salary test for exempt status, which was raised from $250 per week to $455 per week, or $23,660 per year.
[DOCX File]M E M O R A N D U M - Chamberlain Hrdlicka
https://info.5y1.org/new-federal-minimum-wage-for-exempt-employees_1_012293.html
The federal Fair Labor Standards Act (FLSA) defines the duties that make an employee overtime-eligible (“non-exempt”) or overtime-exempt (“exempt”). Most employees covered by the FLSA must be paid at least the minimum wage and premium overtime pay for any hours they work beyond 40 in a workweek.
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