Web26 sep. 2024 · In Maine, the annual salary for exempt workers must be at least 3,000 times the state minimum wage, but, if the salary basis is higher under the FLSA, then the employer must meet the FLSA's threshold. WebWith FLSA exempt employees, it can be difficult for your HR department to track performance without regular reviews. We recommend scheduling employee …

Fact Sheet #17A: Exemption for Executive, Administrative …

WebAccording to the current FLSA regulation, the minimum wage per hour is: $7,25 for workers who are 20 years or older. $4,25 for employees who are younger than 20 (during their first 90 days in the new position) The minimum wage per hour mustn't be lower than these figures, even for salaried employees. Web13 nov. 2024 · The new FLSA/federal overtime rule: Increases the minimum salary level for exempt executive, administrative, and professional employees — also called “white-collar employees” — from $23,600/year (or $455/week) to $35,568/year (or $684/week) Raises the annual pay threshold for highly-compensated employees from $100,000/year to … flower boy fanny pack

The New Overtime Rule is Here and Effective January 1, 2024

WebThe FLSA doesn’t require or recommend a particular method of timekeeping. As long as accurate records are kept, employers can use timesheets, punch cards, time clocks, or really any system that is preferred. However, if your record-keeping is too casual, it can quickly get out of hand. For example, you may require a salaried exempt employee ... Web17 jun. 2016 · The agency, in its final rule, said employers can use non-discretionary bonuses and incentive payments to satisfy up to 10% of the new salary requirements in order for an employee to be exempt from overtime pay. The new salary requirement is $47,476 annually or $913 per week. With this wiggle room, comes more rules. greek mythology who was the first human woman