This is the threshold they use as the cutoff for overtime pay. Originally the cutoff was $35,000 a year and then you wouldn’t have to pay any overtime if the salary is over that. This would require overtime pay for any salaried employees that are under $55,000 a year. It’s a good thing and it’s being used to come back practices that major retailers like Dollar general embrace.
I guess I read it backward, but $55k still seems like a low cap. Of course, for this to work at all that would mean the salaried employee would still need to punch a clock, which is annoying.
This is the threshold they use as the cutoff for overtime pay. Originally the cutoff was $35,000 a year and then you wouldn’t have to pay any overtime if the salary is over that. This would require overtime pay for any salaried employees that are under $55,000 a year. It’s a good thing and it’s being used to come back practices that major retailers like Dollar general embrace.
I guess I read it backward, but $55k still seems like a low cap. Of course, for this to work at all that would mean the salaried employee would still need to punch a clock, which is annoying.
I will happily take the 5 seconds it takes to punch a clock if that means I’m not having to work for free.
That might depend on how often you work overtime and if you sometimes dip out early for stuff, which could be used against you.