How does FLSA affect compensation?

Basic Wage Standards Nonexempt workers must be paid overtime pay at a rate of not less than one and one-half times their regular rates of pay after 40 hours of work in a workweek. Wages required by the FLSA are due on the regular payday for the pay period covered.

Who affects FLSA?

The FLSA applies only to employers whose annual sales total $500,000 or more or who are engaged in interstate commerce. You might think that this would restrict the FLSA to covering only employees in large companies, but, in reality, the law covers nearly all workplaces.

Who is not covered by Fair Work Act?

New South Wales State public sector and local government employees are not covered by the national system and remain under the state system.

What do you need to know about the FLSA?

Under the Fair Labor Standards Act (FLSA), employees are essentially classified into two groups and there are different legal requirements for each type of employee: Employees who earn hourly wages have to be paid a minimum hourly wage, and they are entitled to overtime pay for each additional hour worked over 40 hours per week.

When does the new FLSA law come into effect?

Some groups have already stated that they may file a legal challenge to this new rule, so employers should continue to pay attention over the coming months. Nevertheless, the law is set to change on January 1, 2020, and employers need to be prepared.

When does the Fair Labor Standards Act go into effect?

2020 Fair Labor Standards Act (FLSA) Changes Toolkit for Managers and Staff 2020 Fair Labor Standards Act (FLSA) Changes Toolkit for Managers and Staff About This Toolkit More university staff will be eligible for overtime pay under changes to the Fair Labor Standards Act (FLSA) that take effect on January 1, 2020.

What is the salary threshold under the FLSA?

[Dunn] The salary threshold is a bit like a minimum wage for salaried employees. Under the Fair Labor Standards Act (FLSA), employees are essentially classified into two groups and there are different legal requirements for each type of employee:

Is the new FLSA rule still in effect?

A DOL appeal of that ruling was held in abeyance (put on hold, essentially) while the new Trump-era DOL weighed its options. Ultimately, the DOL decided to propose a new rule earlier this year that rescinds the Obama-era rule and implements a more modest increase in the salary threshold. That rule is now the final rule.

When does the US Department of Labor rule on FLSA?

On September 22, 2020, the U.S. Department of Labor (Department) announced a proposed rule addressing how to determine whether a worker is an employee under the Fair Labor Standards Act (FLSA) or an independent contractor.