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re: How is the new overtime law affecting your company?
Posted on 10/31/16 at 5:47 am to BelleTigre11
Posted on 10/31/16 at 5:47 am to BelleTigre11
How does this system work?
Say you got a job out of college that is paying $30K a year on a salary. Are you now eligible for overtime?
Say you got a job out of college that is paying $30K a year on a salary. Are you now eligible for overtime?
2
Posted on 10/31/16 at 7:30 am to GeauxTime9
Yes or comp time.
I think of you are under 47500, you get OT or comp time for >40 hours.
I think of you are under 47500, you get OT or comp time for >40 hours.
Posted on 10/31/16 at 10:49 am to GeauxTime9
quote:
How does this system work?
Say you got a job out of college that is paying $30K a year on a salary. Are you now eligible for overtime?
Pretty much. But most companies will not want to pay OT though, so you will be required to stay at 40. The OT budgets I would assume for most will be very very tight.
It can be good in some cases and bad in others. You lose flexibility and some benefits that go along with being exempt vs nonexempt.
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