This Handbook provides an overview of federal laws addressing employer-employee rights and obligations. Information discussed includes wages & hours, discrimination, termination of employment, pension plans and retirement benefits, workplace safety, workers' compensation, unions, the Family and Medical Leave Act, and much more in 25 pages of materials.
Labor Laws For Salaried Employees In New York In Travis
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Multi-State
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Travis
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US-002HB
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Formula for Salaried Employees For this formula, we swap out “hours” for “days”. So let's say the policy is that an employee earns 1 day (8 hours) of PTO for every 20 days worked. Now as an example, let's say an employee has worked 100 days, so we'd divide 100 / 20 and come up with 5 days as the accrued vacation time.
What Are the Key Changes? Changes are meant to reflect inflation and increased living costs. As a result, thresholds tend to move upward rather than downward: Minimum Salary Threshold: The new rule raises the standard salary level from $35,568 per year ($684 per week) to $58,656 annually ($1,128 per week).
Full-Day Absences for Personal Reasons: If an exempt employee misses one or more full days for personal reasons, other than sickness or accident, you can make a deduction. Remember, it's full days we're talking about – not partial days.
Effective July 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on Jan. 1, 2025. The July 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update.
In New York, exempt employees are those who are not covered by the Fair Labor Standards Act's (FLSA) minimum wage and overtime provisions. This includes executive, administrative, and professional employees, as well as certain computer workers.
Agency: New York State Department of Labor. Division: Division of Labor Standards Local Office. Phone Number: (888) 469-7365. Business Hours: Monday - Friday: AM - PM. Staff is available through the automated phone system during business hours. Call volume is often high. If you don't get through, call back later.
Under the FLSA, exempt salaried employees have virtually no rights at allwhen it comes to overtime, aside from their base salary as determined in their employment agreement. Employers can require any number of hours or any type of schedule from employees, including mandatory overtime or makeup time for absences.
The law does not provide a maximum number of hours that an exempt worker can be required to work during a week. This means that an employer could require an exempt employee to work well beyond 40 hours a week without overtime compensation.