WebHere's how it would work: Calculating Straight Time Earnings, Regular Rates of Pay, and Total Compensation. Straight Time Earnings. $600 (Fixed salary) + $20 (4 nightshift hours x $5 premium pay) = $620. … WebThe fixed salary must be large enough to compensate the employee for all hours worked at a rate not less than the minimum wage. 4. There must be a “clear mutual understanding” between the employer and the employee that the fixed salary is compensation for all hours worked in a workweek, rather than for a fixed number of hours per week.
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WebDec 1, 2024 · The Fair Labor Standards Act created the fluctuating workweek method, Lowe said. It allows employers to pay a nonexempt worker — someone who is owed … WebDec 31, 2024 · To pay a non-exempt employee a salary, the employer pays the employee the fixed amount per week and pays overtime at a rate of 1.5x the employee’s regular rate. The regular rate in this method is determined by dividing the salary by the number of hours the salary is intended to compensate. If an employee is hired at a salary of $350 and if it ... javascript programiz online
U.S. Department of Labor Allows Employers to Give …
WebNov 11, 2024 · Fixed Weekly Salary - More than 40 Hour Work Week. An employee is paid $480 for a 48-hour week. The applicable statutory straight-time workweek is 40 hours. … WebMar 7, 2024 · In order to use the FWW method, the regulations require that (1) the employee’s hours fluctuate from week to week; (2) the employee receives a fixed weekly salary regardless of the number of hours worked; (3) the fixed salary pays the employee at least minimum wage for all hours worked; and (4) the employer and employee have a … javascript print image from url