Complying With the Exempt Salary Basis Requirement
Time Is Money: A Quick Wage-Hour Tip on … Complying With The Salary Basis Requirement For Exempt Employees Monday, February 22, 2021 A sometimes-overlooked requirement for classifying an employee as exempt from overtime is that, with limited exceptions, the employee must be paid on a “salary basis.” [1] Indeed, when employers fail to pay their exempt employees on a salary basis, they may be subject to lawsuits alleging exempt misclassification. As such, properly paying employees on a salary basis is critical to classifying employees as exempt. The General Rule Among other re...
Source: natlawreview.com