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Does the new Overtime Rules affect your payroll expenses?

[fa icon="calendar'] Jan 26, 2016 2:41:37 PM / by admin posted in exempt employees, Overtime Pay Requirements of the Federal Labor Sta, overtime pay, Manufacturing

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Steve is a product manager at an assembly line of a medium size manufacturing company in Shady Grove, MD. He has been working at the same employer for the past ten years. He wakes up at 5 am so he can start his shift at 6. As a manager, he works about 14 to 16 hours a day, 6 days a week. Steve is very passionate about his job and he earns a salary of $39,750 a year. At 16 hours average daily, his pay is just shy of $8 an hour. Steve is not qualified for overtime pay because he is an exempt employee under current Department of Labor (DOL) regulations.

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