Exempt Employees – Know Their Rights!
Question: I have an exempt employee who only worked one day this week, but claims he needs to be paid for the whole week. Is that right?
Question: I have an exempt employee who only worked one day this week, but claims he needs to be paid for the whole week. Is that right?
Employers use the consumer price index (CPI) to calculate cost of living increases. Most cities have their own CPI, which measures how prices change regarding the cost for goods and services such as housing, food, and medical care.
While the new Fair Labor Standards Act (FLSA), overtime rule was put on hold, keeping the minimum salary requirement for White Collar Employees at $455 per week, several states have their own requirements.
Absent a change in the law, this is going to happen and as business owners we need to anticipate how this mandated increase will affect our costs, pricing, customers and workers.