Related to: Bonuses
Today the United States Department of Labor announced a final rule regarding executive, administrative, and professional employees who are exempt from the overtime and minimum wage requirements of the Fair Labor Standards Act. The end result of these new rules is that an estimated 1.3 million American workers will become eligible for overtime pay under…
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Earlier this month, a federal judge issued a decision that could have significant financial implications for employers. The case involved the calculation of the overtime rate under the Fair Labor Standards Act (FLSA) and whether merit bonuses and other forms of compensation must be included in the calculation of the rate of pay for FLSA…
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