Thursday, June 25, 2015

If You’re On Salary You May Be Eligible for Overtime

Originally published by Vethan Law.

Overtime is a wonderful thing. That is, if you are eligible for it. If you are not eligible for overtime, you probably don’t think twice about it or wish you were eligible if you salaried job keeps you late everyday.

The vast majority of the population assumes that hourly paid jobs are entitled to overtime pay and salaried jobs are immediately exempt from overtime pay. However, this is actually not the case. There are certain instances in which a salaried employee can still qualify for overtime pay.

In fact, this entire subject has been quite the talk in recent history as in early 2014, President Obama signed a memorandum to update the Fair Labor Standards Act’s overtime rules regarding overtime. In short, the memorandum called for an increase in the amount that a person earns in which they could still be eligible for overtime.

Now there are plenty of professions and situations in which a salaried worker would be excluded. For example the nature of your job, or your job duties, can dictate whether you are eligible or exempt from overtime pay. For example, executives and administrative jobs are typically exempt under the FLSA’s overtime rules. Another example is an outside salesperson. Generally outside sales is considered an exempt job, whereas an inside salesperson is nonexempt. How you are paid also can play a factor in determining if you are an exempt or nonexempt employee.

However, the first way to determine if you are eligible or exempt from overtime is the dollar amount of your salary. Workers who earn $23,600 per year or less, are nonexempt from overtime pay, meaning that even though they earn a salary, they still may be eligible. This salary comes out to $455 per week. So salaried employees earning a weekly pay of $455 or less are still eligible for overtime pay.

Overtime pay is an important part of the job force. It provides extra income for those who put in the effort to work over 40 hours in a workweek. If you are in need of a Texas overtime lawyer, contact Vethan Law Firm by calling our Houston office at 713-526-2222 or our San Antonio office at 210-824-2220.

The post If You’re On Salary You May Be Eligible for Overtime appeared first on Vethan Law Firm.

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.



from Texas Bar Today http://ift.tt/1JlZ8OY
via Abogado Aly Website

No comments:

Post a Comment