Most people understand that exempt employees are typically paid a set salary, while non-exempt employees receive an hourly wage, including overtime pay. This general designation has been in effect for many years.
But, what are the requirements for each category? In December 2016, new legislation went into effect that has changed the guidelines for what classifies as an exempt employee, meaning the employee does not qualify to be paid overtime.
The new guidelines more than doubled the minimum salary amount for exempt employees – now $913 per week or $47,476 per year. This means previously exempt employees who earn less than that amount may now qualify to receive overtime pay for hours worked over 40 per week. An estimated 4.2 million exempt employees are now eligible for overtime pay under these guidelines.
Are you classified as an exempt employee making under $47,476 per year? If so, your employer may be required to pay you overtime for any excess hours worked in addition to your salary.
If you feel your rights have been violated, contact Tammy Bowles Raines Law Office for a free consultation.