Full Interview transcript
Carl: Hello business owners this is Carl Kleimann with another Business Survival Tip from Odyssey OneSource. Have you ever considered changing an employee’s pay from hourly to salary in order to avoid paying overtime? If so, listen closely. Overtime pay is governed by the Fair Labor Standards Act (FLSA) and paying an employee a salary does not make them Exempt from its overtime provisions.
Jobs that are governed by the FLSA fall into one of two categories – Exempt or Non-Exempt. Non-Exempt employees are entitled to overtime pay and the great majority of employees fall into this category. So, how do you determine whether an employee is Exempt or Non-Exempt? Most employees must meet three independent tests in order to qualify as Exempt. They are:
Tune in to the next edition for the overtime pay requirements for Non-Exempt employees. I am Carl Kleimann and this has been another Business Survival Tip by Odyssey OneSource, ranked as the number one Professional Employer Organization two years running by the Black Book of Outsourcing.
For more information on this and other issues affecting employers, please visit odysseyonesource.com.