Salaried Guidelines With The
Description
How to fill out Salaried Employee Appraisal Guidelines - General?
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FAQ
Employees who are paid on a salary basis can receive weekly, bi-weekly, semi-monthly, or monthly payments. For example, say an employee has an annual salary of $85,000. Using our Take Home Pay Calculator, we can determine that the employee would receive $7,083.33 per month or $3,541.67 semi-monthly.
Hear this out loud PauseSome employers may expect as many hours of work from their salaried employees as it takes to perform the job well, but exempt salaried employees have typically contracted to work between 40 and 50 hours per week.
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.
In many situations, knowing how many hours an employee spent on a task defines how the work will be paid. As long as the employee doesn't deduct amounts from your paycheck based on hours you tracked, it is okay to require salaried employees to fill in timesheets.
Is It Legal to Work 60 Hours a Week on Salary? If an employee is exempt from FLSA and any state, local, or union overtime laws, then it is legal to work 60 hours a week on salary. Some employers do pay exempt employees for overtime work through time-and-a-half, bonuses, or extra time off.