For the story, let's look back at my previous post on the subject of minimum wage, and at what other countries have in store. Where do we stand on the global scale with so called developed countries? However, first things first: what overtime exemption entails?
Overtime rules refer us to the Fair Labor Standards Act (FLSA). Basically, for any hours worked over 40 hours during the week, an employee paid under $684 a week will be entitled to overtime pay, that is 1.5 times his/her hourly wage. The new rule is expected to impact 1.3 million workers.
As a refresher and as a rule of thumb three tests are required to meet the exemption definition: The salary basis test: the worker mu…