I still get a kick out of people using the term “salary exempt,” as in, we pay that employee a salary, so s/he isn’t eligible for overtime. Under the Fair Labor Standard Act, a salary is just one of several components of an overtime exemption to avoid having to pay employees time and a half when they work more than 40 hours in a workweek. Plus, the salary must be at least $684 per week, equating to $35,568 per year.
Except, that could be increasing significantly soon. Continue reading