Page 42 - Microsoft Word - Updated Book Draft 2 23 2017 (1)
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to the new regulations, and for all, it remains unclear


        whether the regulations will ultimately take effect, and, if



        they do, whether their application will be retroactive to


        December 1, 2016.


               The bottom line: if you have employees who earn


        less than $913 per week and are currently treated as


        exempt from overtime, you have some risk that they will


        at some point lose that exempt status.


               In addition, remember that this amount must be


        earned on a “salary basis” in order for the employee to be


        considered exempt.  It matters less what you call it than


        what it is- if the employee’s pay is constant from week to


        week even though hours worked varies, that employee is


        probably paid on a “salary basis.”  If, however, pay is


        regularly docked for hours missed, it is most likely not


        “salary” even if it is called that in the payroll records.


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