HRComatrix

Exempt_ERD_HRComatrix© I am back after a long summer hiatus with B reaking News today: The DOL has finally issued a final rule on overtime exemption, raising the minimum salary exemption level to $684 a week or $35,568 a year. This takes effect January 1st of 2020, a new year gift to employees and employers alike. 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? Defining Exemption 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 exe...