Web(a) An employer may use the fluctuating workweek method to properly compute overtime compensation based on the regular rate for a nonexempt employee under the following … WebJun 9, 2024 · In May 2024, the U.S. Department of Labor issued a new rule regarding overtime calculations under the Fair Labor Standards Act. The new rule amends 29 C.F.R. § 778.114 and clarifies that the fluctuating workweek method of calculating overtime can be used for nonexempt employees who are compensated with fixed salaries and who also …
New fluctuating workweek rules a win for employers
WebOn May 20, 2024, the U.S. Department of Labor announced a final rule that allows employers to pay bonuses or other incentive-based pay to salaried, nonexempt employees whose hours vary from week to week. The final … WebJun 9, 2024 · No, is the DOL’s answer with the final rule, which clarifies that employers are permitted to pay employees compensation in addition to the standard fixed salary – a nightshift differential, productivity bonus, or premium pay for weekend work, for example – and still use the fluctuating workweek method of compensation. how many syllables in monday
Fluctuating Workweek Redux: Department of Labor Finalizes …
WebNov 5, 2024 · U.S. DOL Issues Notice of Proposed Rulemaking. On November 5, 2024, the U.S. Department of Labor published a proposed rule that would make it easier for some employers to apply the “Fluctuating Workweek” method of calculating overtime pay for certain non-exempt employees. Background. For those not familiar with the concept, the … WebDec 5, 2024 · United States Department of Labor 200 Constitution Avenue NW, Room S-3502 Washington, DC 20240 VIA ELECTRONIC FILING: www.regulations.gov Re: RIN 1235–AA31, Notice of Proposed Rulemaking, 29 C.F.R. Part 778, Fluctuating Workweek Method of Computing Overtime, 84 FR 59590 (November 5, 2024) Dear Administrator … WebAug 7, 2024 · Not all states permit a fluctuating workweek, she added. In fact, DOL's proposal met opposition in December 2024 from a coalition of 18 state attorneys general, who said the rule would "create ... how many syllables in napkin