How will you know if the salary is a fair one?
1, You’re paid fairly if you see job openings for similar jobs to yours and they all pay about the same amount you’re getting paid now. You’re paid fairly if you are classified exempt (salaried, not eligible for overtime) only in a job that gives you discretion over the amount of overtime you work.
What is the purpose of salary ranges?
A salary range gives companies a system to pay employees consistently for the work they do in a given position. The range usually allows for differences in education, experience or performance. However, employees in the same type of job know they earn pay that is relatively similar to colleagues.
How are employees exempt from the Fair Labor Standards Act?
The DOL, under congressional mandate, defines and delineates which employees are exempt from the Act’s overtime requirements. To be considered FLSA exempt, positions must meet certain standard tests related to their primary job duties and meet a minimum salary requirement.
When do salaried employees receive their full salary?
Salaried executive, administrative, or professional employees must receive their full salary in any week in which they perform any work, subject to certain very limited exceptions. Contact the U.S. Department of Labor Wage and Hour Division for additional information or call 1-866-487-9243 if you have questions.
What does supervision mean under the Fair Labor Standards Act?
Supervision means what it implies. The supervision must be a regular part of the employee’s job, and must be of other employees. Supervision of non-employees does not meet the standard. The “two employees” requirement may be met by supervising two full-time employees or the equivalent number of part-time employees.
When is an employee not paid on a salary basis?
An employee will not be considered to be paid “on a salary basis” if deductions from the predetermined salary are made for absences caused by an office closure during a week in which the employee performs any work. Exempt salaried employees are not required to be paid their salary, however, in weeks in which they do not work.
The DOL, under congressional mandate, defines and delineates which employees are exempt from the Act’s overtime requirements. To be considered FLSA exempt, positions must meet certain standard tests related to their primary job duties and meet a minimum salary requirement.
Salaried executive, administrative, or professional employees must receive their full salary in any week in which they perform any work, subject to certain very limited exceptions. Contact the U.S. Department of Labor Wage and Hour Division for additional information or call 1-866-487-9243 if you have questions.
What’s the premise of the concept of fair pay?
The premise is that when wages reflect the productivity of the individual, “efficient outcomes occur,” according to Janice Fanning Madden, professor of regional science, sociology and real estate at the University of Pennsylvania. “Economists have no understanding of ‘fair,’” she says.
Supervision means what it implies. The supervision must be a regular part of the employee’s job, and must be of other employees. Supervision of non-employees does not meet the standard. The “two employees” requirement may be met by supervising two full-time employees or the equivalent number of part-time employees.