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Proposed 2015 DOL Overtime Rule Change: What #HR Needs to Know

HR Bartender

The overtime rule changes are significant and fall into two categories: salary basis and primary duties test. Today we’re going to cover the salary basis part of the proposal. What are the changes being proposed to the minimum salary? Jonathan] Currently, the minimum salary is $455 per week for most white collar positions.

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The 2016 #FLSA Overtime Changes: What #HR Needs to Know

HR Bartender

Last summer, I spoke with Jonathan Segal , a partner with the law firm Duane Morris LLP regarding the proposed overtime rule changes to the minimum weekly salary requirement and the primary duty test. In the final rule, the DOL made the weekly minimum salary ‘only’ $913. And he very graciously said yes.

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Former sports centre director receives fine for withholding pensions information

Employee Benefits

As a result, the regulator stated that it planned to prosecute him for fraudulent evasion of his duty to pay money deducted from the salaries of his employees as pension contributions into a workplace pension scheme within a prescribed period, under section 49 of the Pensions Act 1995.

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How to Prepare for the New White Collar Overtime Requirements

Insperity

Since 2004 (the last time the DOL updated the regulations), companies have had to pay white collar employees overtime if they made under $455 per week or $23,660 a year. 1 2016, the minimum salary increases to $913 per week or $47,476 annually. The salary threshold for exemption will also increase every three years to match inflation.

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Employment and Labor Law in Armenia

Global People Strategist

The Labor Code of the Republic of Armenia was adopted in 2004 and defines the current labor legislative framework in the country. An addendum to the labor code restricts employers with 10 or more workers from paying their salaries in cash. Labor Code of Armenia. Working Time.

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Best Finance Companies in UAE

Bayzat

Salaried individuals can avail of personal loans at a flat interest rate of 9.01%. The minimum salary required for loan approval is AED 5,000. It began its services in 2004, providing investment, consumer, and commercial financing. Deem Finance Deem Finance specializes in providing personal loans and credit cards to individuals.

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Employment Laws in Nigeria

Global People Strategist

Providing generous support and security, compensation can range from 30%-90% of monthly salary – both flexible amounts that could be altered based on individual needs! 7. The Nigerian Factories Act, 2004. This fund serves as a financial safety net for employees’ dependents in case of any work-related deaths.