Remove 2004 Remove ATS Remove Bonuses and Incentives
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The 2016 #FLSA Overtime Changes: What #HR Needs to Know

HR Bartender

Even with the reduction from the initial proposal, this is still more than double what the minimum salary currently is under the 2004 regulations. Specifically, employers can include non-discretionary bonuses, incentive payments and commissions to satisfy up to 10 percent (10%) of the minimum weekly salary. Too much, you say?

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Tammy’s Top 10 Q&A’s (Overtime at the White House Feb 5)

ComplianceHR

Would stipends be considered incentive pay? I was asked for pro-rating in 2004 and commenters asked again in 2016. In my opinion, DOL does not have authority for indexing (automatic increases to salary level without further notice and comment rulemaking), as I so stated in the preamble to the 2004 Final Rule.

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Part III - Where Should We Take Employee Rewards in the Future?

Compensation Cafe

By contrast, consultants excel at packaging, selling, and diffusing “best practices,” that is the innovations of others, while rewards professionals are best at developing and implementing detailed designs. Third, meeting social needs is not what business does best or should necessarily do at all. Increase pay for performance.

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Part I - Malaise in the Employee Rewards: What’s Going On?

Compensation Cafe

Sales compensation has always been a different beast: it has different buyers and economic cycles than employee rewards, and sales incentives constantly evolve to meet new business needs. Several factors are at play. Supervisors can use that information to adjust raises and bonuses with no help from rewards experts.

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BREAKING-ish, sorta, not really. Yeah, you knew this was coming. The DOL officially announces overtime changes.

The Employer Handbook

Workers making at least this salary level may be eligible for overtime based on their job duties. This salary level was set in 2004. This new proposal would update the salary threshold using current wage data, projected to January 1, 2020. territories.

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Tammy’s Top 10 Q&A’s (Overtime at the White House Feb 5)

ComplianceHR

Would stipends be considered incentive pay? I was asked for pro-rating in 2004 and commenters asked again in 2016. In my opinion, DOL does not have authority for indexing (automatic increases to salary level without further notice and comment rulemaking), as I so stated in the preamble to the 2004 Final Rule.

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U.S. Department of Labor issues final overtime rule

HR Morning

.” The rule updates the earnings thresholds necessary to exempt executive, administrative, or professional employees from the FLSA’s minimum wage and overtime pay requirements, and allows employers to count a portion of certain bonuses (and commissions) towards meeting the salary level.