Does the Final Rule change how employers may use bonuses to satisfy the salary level for highly compensated employees (HCEs)?
Answer / Rohit Saxena
Yes, the Final Rule permits employers to use nondiscretionary bonuses and incentive payments (including commissions) that are paid annually or more frequently to satisfy up to 10% of the standard salary level for HCEs.
| Is This Answer Correct ? | 0 Yes | 0 No |
Is there an exemption for schools and institutions of higher education from either the FLSA or the Department's overtime regulations governing white collar workers?
1 Answers United States Department of Labor,
Why is the Department setting the standard salary level at the 40th percentile of weekly earnings for full-time salaried workers in the lowest wage Census Region and not on national data as proposed?
1 Answers United States Department of Labor,
My job title is manager. Am I exempt from overtime pay?
1 Answers United States Department of Labor,
How does the final rule differ from the NPRM?
1 Answers United States Department of Labor,
How many white collar workers will become overtime-eligible as a result of this Final Rule?
1 Answers United States Department of Labor,
Will newly overtime-eligible employees have to record their hours on a daily basis or "punch a time clock"?
1 Answers United States Department of Labor,
May employers use bonuses to satisfy part of the new standard salary level test?
1 Answers United States Department of Labor,
How did the Department determine the new standard salary level?
1 Answers United States Department of Labor,
Must employees earning below the new level be converted to hourly pay?
1 Answers United States Department of Labor,
What are the costs and benefits of the Final Rule?
1 Answers United States Department of Labor,
If the effective date is December 1st, what does this mean for businesses where the pay period begins on Monday the 28th? How do they manage this?
1 Answers United States Department of Labor,
May employers make a catch-up payment in the event that an employee doesn't receive enough in nondiscretionary bonuses and incentive payments (including commissions) in a given quarter to remain exempt?
1 Answers United States Department of Labor,
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3208)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)