Salaried employees are paid a fixed wage, however many or few hours they may work.
By federal law, salaried employees are not required to get overtime pay. Your company may offer bonuses or incentives though.
Salaried employees in Virginia are generally entitled to minimum wage and overtime pay as per federal law. However, there are no specific state laws in Virginia that govern the payment of wages or overtime for salaried employees beyond what is required by federal law.
In Maryland, salaried employees are generally entitled to overtime pay if they work more than 40 hours in a workweek, unless they are exempt under certain categories such as executive, administrative, or professional roles. The overtime rate is 1.5 times the regular rate of pay for each hour worked over 40 hours in a workweek.
Exempt employees are 'exempt' from federal overtime rules and regulations, based on specific qualifications put forth by FLSA rules. (Executives, professionals, etc.) Non-Exempt employees are paid by the hour, and are subject to federal overtime rules (time and a half, for all hours worked over 40 in a pay week.) All hourly employees are non-exempt, all exempt employees are salaried, but not all salaried employees are exempt. Salaried employees must pass specific FLSA criteria to be categorized as 'Exempt', and therefore exempt from overtime rules.
hourly employees
A salaried employee - is paid monthly - by dividing their annual pay by 12. A waged employee is paid weekly - by dividing their annual pay by 52.
nope ... it's a salary job ... you don't get paid by the hour ...
Yes if the employee is salaried then the company does not have to pay overtime, only comp time.
Salaried funeral directors typically do not receive overtime pay, as they are often classified as exempt employees under the Fair Labor Standards Act (FLSA). This classification means they are not entitled to additional pay for hours worked beyond the standard 40-hour workweek. However, specific policies can vary by employer, and some funeral homes may offer overtime or additional compensation for particularly demanding periods. It's essential for funeral directors to review their employment contracts and company policies for clarity.
That depends. Wage and hour laws determine who must be paid overtime- and what IS overtime. Some employees are salaried employees, known as "exempt" employees. I am a manager, and I am paid a flat salary, without regard to the number of hours I work- whether 30 or 50. Your question, along with more information, needs to be directed to the Texas Employment commission.
Yes, salaried employees can receive double time pay in certain situations, but it depends on company policies and state labor laws. Generally, salaried employees who are classified as exempt under the Fair Labor Standards Act (FLSA) are not entitled to overtime or double time. However, non-exempt salaried employees may qualify for additional pay if they work beyond a specific threshold, such as weekends, holidays, or excessive overtime hours. Some employers voluntarily offer double time for extended shifts or holiday work as an incentive, even if not legally required. States such as California have strong labor rules that require double time for hours over 12 in a day or more than eight on the seventh consecutive workday. To determine eligibility, employees should consult their employment contracts, company rules, or state labor regulations. If you are confused about your compensation rights, speak with HR or a labor attorney.
If an employee is salaried then they have a fixed amount of pay per pay period so working fewer hours per week wouldn't change the pay. It wouldn't really make sense for a company to reduce the hours of salaried employees in order to save payroll costs. Salaried employees have reached a level of professionalism where they don't punch a time card. If someone is keeping track of hours for an employee, then they are most likely NOT salaried.