Millions of workers earning less than $55,000 could get overtime pay under Biden proposal
Millions of workers earning less than $55,000 could get overtime pay under Biden proposal
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Millions of workers earning less than $55,000 could get overtime pay under Biden proposal
The proposed rule would lift the salary threshold for overtime pay from $35,568 to $55,000.
"Salaried Exempt" also shouldn't exist.
I was "offered" a salary role with a promotion once, and I asked them if it was exempt or nonexempt. They acted confused, then said exempt. I was denied the promotion, and took a job elsewhere. Fuck that nonsense.
This is the threshold they use as the cutoff for overtime pay. Originally the cutoff was $35,000 a year and then you wouldn't have to pay any overtime if the salary is over that. This would require overtime pay for any salaried employees that are under $55,000 a year. It's a good thing and it's being used to come back practices that major retailers like Dollar general embrace.