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New Overtime Pay Rules Now in Effect for 2020

Zenefits

The new requirements went into effect January 1, 2020. Allows employers to use nondiscretionary bonuses and incentive payments that are paid annually to satisfy up to 10% of the standard salary level. Bookmark( 0 ) Please login to bookmark The post New Overtime Pay Rules Now in Effect for 2020 appeared first on Workest.

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

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New Overtime Rules – What You Need To Know!

Affinity HR Group

On September 24, 2019, the DOL released the highly-anticipated final rule increasing the minimum salary level for “white-collar” and highly-compensated exempt employees for the first time since 2004. These changes will go into effect January 1, 2020. No changes were made to the “duties test”. Next Steps.

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Overtime threshold rising to $35,568 on Jan. 1

Business Management Daily

1, 2020, following approval of a final rule the Department of Labor says will make 1.2 The new threshold represents a 50% increase over the current threshold of $23,660, which was established in 2004. The white-collar overtime threshold will increase to $35,568 on Jan. million more Americans eligible for overtime pay.

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Expert Q&A: Understanding the DOL’s Overtime Rules

HR Digest

The overtime rules went into effect on January 1, 2020. This threshold has been raised from the previous limit of $455 per week of 40 hours, which was set in 2004. The rule allows employers to use non-discretionary bonuses and incentive payments to satisfy up to 10 per cent of the standard salary level.

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38 Ways to Make Real Progress on Diversity, Equity, and Inclusion

Linkedin Talent Blog

Following the 2020 murder of George Floyd, companies around the world pledged to focus more on diversity, equity, and inclusion. The results are reviewed monthly and are used to help determine bonuses. Some companies provide incentives to their employees who refer candidates from an underrepresented group.