Prepare for Changes to “Exempt” Employee Status
Under the Federal Labor Standards Act (FLSA), overtime is required to be paid to most employees who work over 40 hours a week, unless such persons fit the rules for "exemption." There are many FLSA exemptions, which will be the topic of another article. For more information on FLSA categorizations please visit their website.In NYC, there is a minimum salary that must be paid to persons whom an employer wants to classify as “Exempt.” Remember, "Exempt" means the employee is not paid for hours worked over 40. This minimum salary is called the "Salaried Minimum Wage." The Salaried Minimum...
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