Sentences with phrase «minimum salary level»

As a first step, employers should assess whether its current exempt employees will meet the new minimum salary levels.

Provided these employees meet the Salary Basis Test and the Duties Test for such exemptions, an employer may continue to classify these employees as exempt as long as such employee meets the Final Rule's new minimum salary level test.

However, if an employer pays a computer employee on a salary basis, the new minimum salary level of $ 913 a week would apply.

As of the Effective Date, the Final Rule requires the following minimum salary levels be met in order to claim the FLSA's exemptions from minimum wage and overtime pay requirements:

If any of these employees» salaries fall below the new thresholds, employers have the option of either raising such employee's salary to meet the increased minimum salary levels, or an employer may choose to reclassify the employee to a non-exempt status.

Provided the employer meets this weekly requirement, the employer can choose to make up the remainder of the HCE's minimum salary level through Nondiscretionary Payments.

These new minimum salary levels represent a significant increase to the FLSA exemptions» requirements, which prior to the Final Rule, were set at $ 455 a week ($ 23,660 annually) for the EAP Exemption and $ 100,000 annually for the HCE Exemption.

These numbers represent a substantial jump from the current minimum salary levels, which are set at $ 455 a week and $ 100,000, respectively.

In addition, and for purposes of clarification, the new minimum salary level of $ 913 a week applies to the Learned Professional and Creative Professional Exemptions.

If an employee will not meet the new minimum salary level, employers have the choice of either raising the employee's salary in order to meet the rule's new thresholds or reclassifying the employee as non-exempt.

On September 4, NBOA and NAIS submitted joint comments to the Department of Labor in response to the proposed changes to FLSA regulations that would raise the minimum salary level for...

The board stated that setting a minimum salary level for trainees above the National Minimum Wage (NMW) rate for employees was not in the public interest.

According to the court, this was contrary to the intent of Congress as expressed in the Fair Labor Standards Act, which defines the overtime exemption in relation to the «duties» performed by the employee, which do not include a minimum salary level.

Your child or grandchild must also provide you with a statement of financial support and meet a minimum salary level.

Additionally, the Department of Labor will soon be issuing a Request for Information (RFI) regarding the currently enjoined overtime rule that will likely seek feedback on the economic impact of the last Administration's proposed increase to the minimum salary level threshold exemption.

Beginning December 1, 2016, the minimum salary levels will increase significantly in order to claim the Executive, Administrative and Professional Exemption and Highly Compensated Employee Exemptions.

Prior to the new Overtime Rule the minimum salary levels had not changed since 2004, over ten years ago, so the automatic update provision will ensure that the minimum salary levels keep pace moving forward.

Second, the exemptions» minimum salary levels will automatically be updated every three years, and the Department of Labor will provide 150 days» prior notice of the updated salary levels.

And last, the rule will now allow employers to satisfy up to 10 % of the minimum salary level for the Executive, Administrative and Professional Exemption through the payment of nondiscretionary bonuses and incentive payments, when these payments are made no less than quarterly.

While there is no cap on the amount of Nondiscretionary Payments that can be made to satisfy the HCE exemption's minimum salary level, an employer must always pay a HCE no less than $ 913 dollars a week.

Here is a breakdown of how employers can use Nondiscretionary Payments to satisfy the minimum salary levels:

The minimum salary level test is only one of the factors in determining whether an employee is properly classified as exempt under the FLSA.

While the Nondiscretionary Payments made to a HCE can be made in any frequency, the employer must meet the minimum salary level no later than the first pay period of the following calendar year.

In addition to the minimum salary level test, the employee must meet the: 1) salary basis test, which means that the employee is paid a fixed, predetermined salary that is not subject to reduction based on the quality or quantity of the employee's work («Salary Basis Test»); and 2) duties test outlined in the EAP Exemption and the HCE exemption («Duties Test»).

The Final Rule provides that the minimum salary levels shall be automatically updated every three years, beginning on January 1, 2020.

The Final Rule allows employers to use nondiscretionary payments, bonuses and commissions (collectively, «Nondiscretionary Payments»), to satisfy the minimum salary level requirements.