Continuing the trend of exposing companies who have misclassified workers, the U.S. Department of Labor (DOL) has persuaded its latest target, Halliburton Co., to pay $18.3 million to compensate employees for unpaid overtime. During a self-audit, Halliburton discovered, and the U.S. DOL investigated and found, that several jobs in Halliburton’s oilfield operations were misclassified
Salary and Duty Test Worries? Maybe Try Something Else!
Do you have employees who are currently overtime exempt making under $50,000 per year, who play an important role in your organization, but you can’t justify paying a higher salary to avoid having them becoming nonexempt under the proposed overtime regulations? Consider these options for the future:
- Pay them by the hour. Take the
DOL’s Proposed FLSA Regs Will More Than Double the Salary Requirement for Overtime Exemption
The Department of Labor issued its long-awaited proposed FLSA salary regulations today and, as many feared, they will have a massive impact on American businesses, more than doubling the salary companies must pay their employees to qualify for exempt status from overtime. The current minimum salary for exemption is $455 per week ($23,660 annually). The
Mortgage Loan Officers are Not Exempt Employees per the DOL and the Supreme Court Says that is Okay
The legal ping-pong match between the Department of Labor (DOL) and the Mortgage Bankers Association (MBA) over whether mortgage loan officers are eligible for overtime appears to be at an end. The Supreme Court recently issued its opinion in Perez v. Mortgage Bankers Association, holding that the DOL’s amendment of its interpretive rules to