Thursday, June 9, 2016
Wednesday, May 25, 2016
- The new rule was issued on May 18, 2016.
- As we stated in our last newsletter, this rule changes the FLSA regulations concerning exemptions from overtime pay for executive, administrative, professional, outside sales, and computer employees (cumulatively, "Workers").[]
- Salaried Workers earning less than $913 dollars per week or $47,476 annually are now nonexempt and eligible for overtime pay.
- This salary threshold will increase every three years. The increase is based on the 40th percentile of the weekly earnings of full-time salaried workers in the lowest-wage Census region, which currently happens to be the South. Predictions for the first update, scheduled for January 1, 2020, estimate that the threshold will be above $51,000.[]
- The new rule permits employers to count non discretionary bonuses, incentives, and commissions toward up to 10 percent of the required salary level, so long as these amounts are paid on at least a quarterly basis.
- The new rule does not include any changes to the duties test. Remember, even if you pay your Workers more than this salary threshold, they will still be nonexempt and eligible for overtime pay if they fail to satisfy the duties test.
- Give raises to nonexempt Workers so that they meet the new salary threshold if the cost of having to paying them overtime greater;[]
- Reduce the number of hours these Workers work, perhaps by hiring more employees to spread the workload; or
- Use an hourly pay rate that is equal to the same weekly compensation as the Worker's salary.[]
Wednesday, April 27, 2016
Monday, March 21, 2016
Thursday, February 25, 2016
Contract negotiations are a critical part of a construction project. Understanding what rights, obligations, risks and liabilities you may be agreeing to in a contract is not as straightforward as it may seem. You should, before signing any contract for the performance of construction services consult with an attorney who is knowledgeable with Florida’s Construction Law and Contract negotiations.
The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience. Additionally, the information above is not intended to be legal advice. Please consult with an experienced lawyer if you have a specific issue or dispute.