50 % premium for every overtime hour you work for those hours you must be paid time and a half 150 % of your regular rate of pay.
rather it is an employee s job duties that determine if they are exempt from the overtime rules even if you were told that you would be paid a certain salary regardless of how much you work you may still be entitled to overtime pay your right to overtime pay cannot be bargained away avoided or refused  employers must track the hours of any salaried employee eligible for overtime the obama administration has proposed significantly increasing the salary test from $ 455 a week $ 23660 a year to $ 970 a week $ 50440 a year the obama administration has announced plans to require overtime pay for salaried employees who earn less than $ 50440 a year despite the fact that economic research shows that employers will offset new overtime costs by lowering base salaries fair labor standards act of 2004 the flsa defines the rules that govern overtime pay if an employee is eligible for overtime he is considered nonexempt if an employee is not eligible for overtime pay he is considered exempt exempt employees are on salary but not all salaried employees are exempt many small business owners believe that they do not have to pay overtime to any employees on a salaried pay plan if you are salaried and are non exempt then you can calculate your overtime pay like this multiply the monthly remuneration by 12 months to get the annual salary divide the annual salary by 52 weeks to get the weekly salary it s not whether you re salaried but whether you meet the test for exempt status as defined by federal and state laws an employee that is exempt from the fair labor standards act is not entitled to overtime an employee that is non exempt from flsa is entitled to overtime the official stance is which employers have to pay overtime although the vast majority of employers have to pay overtime not all do to figure out whether your employer has to pay overtime first determine whether it s covered by the federal fair labor standards act flsa the federal wage and hour law that sets out the overtime rules you are entitled to a 50 % premium for every overtime hour you work for those hours you must be paid time and a half 150 % of your regular rate of pay to learn more about overtime pay and other laws that protect you in the workplace get your rights in the workplace by barbara kate repa nolo although the vast majority of employers have to pay overtime not all do to figure out whether your employer has to pay overtime first determine whether it s covered by the federal fair labor standards act flsa the federal wage and hour law that sets out the overtime rules employers who must pay overtime although the vast majority of employers must pay overtime not all are required to to figure out whether you must pay overtime first determine whether you are covered by the federal fair labor standards act flsa the federal wage and hour law that sets out the overtime rules the following workers are exempt from the federal overtime law meaning that they fit into an exception and are therefore not entitled to overtime executive administrative and professional employees who are paid on a salary basis see below independent contractors federal and state laws require most employers to pay overtime the overtime premium is 50 % of the employee s usual hourly wage this means an employee who works overtime must be paid time and a half the employee s usual hourly wage plus the 50 % overtime premium for every overtime hour worked these laws contain many exceptions so not all employees are entitled to overtime the following workers are exempt from the federal overtime law meaning that they fit into an exception and are therefore not entitled to overtime executive administrative and professional employees who are paid on a salary basis see below independent contractors exempt employees exempt employees are not entitled to extra pay for overtime under the provisions of the flsa regardless of how many hours in a week they work when you are paid as an exempt employee your salary must be at least $ 455 per week or $ 23600 annually the rules governing overtime pay are based on the fair labor standards act flsa of 1938 which also sets out guidelines for a minimum wage and other protections for employees whether or not you get overtime pay depends on how your job is classified under the flsa
http://www.overtime-flsa.com/salary-overtime-faq/ http://www.heritage.org/research/reports/2015/07/salaried-overtime-requirements-employers-will-offset-them-with-lower-pay http://smallbusiness.chron.com/salaried-employees-paid-overtime-10955.html http://www.techrepublic.com/blog/career-management/are-salaried-employees-entitled-to-overtime-pay/ http://www.nolo.com/legal-encyclopedia/overtime-pay-rights-employee-30142.html http://www.nolo.com/legal-encyclopedia/overtime-pay-rights-employee-30142.html http://www.nolo.com/legal-encyclopedia/employer-pay-overtime-laws-29928.html http://www.nolo.com/legal-encyclopedia/employer-pay-overtime-laws-29928.html http://work.chron.com/laws-salary-employees-working-overtime-22038.html
overtime for salaried employees law