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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.

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It’s Back – New Federal Overtime Rule Proposed

HRWatchdog

During the comment period, the proposed rule received 293,370 comments, compared to 75,280 comments received during the previous changes to the overtime rule in 2004. In March 2014, then-President Barack Obama directed the Secretary of Labor to begin creating new federal overtime rules, and by June 2015, the DOL announced their proposed rule.

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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

Organizations would be more effective and employees would be more engaged if at least half of benefits dollars were converted into cash, especially incentive opportunities. When benefits represent 30% of total employee rewards and performance incentives are about 1%, management claims of pay for performance are laughable. Implications.

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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. Supervisors can use that information to adjust raises and bonuses with no help from rewards experts. He received a Ph.D.

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

The Employer Handbook

This salary level was set in 2004. But, wait, there’s more (from the actual proposed rule ): In this rulemaking, the Department proposes to … allow the inclusion of certain nondiscretionary bonuses and incentive payments to count towards up to 10 percent of the standard salary level. territories.

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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.