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

HR Bartender

On July 6, 2015, the U.S. 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? We’ll address the primary duties test in a separate post.

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Proposed 2015 DOL Overtime Rule Changes: Primary Duty Test

HR Bartender

As you know, on July 6, 2015, the U.S. Under the Act, to be exempt (from overtime), an employee must meet 3 requirements: The employee must be paid a minimum weekly salary; The employee must be paid on a salary rather than on an hourly basis. It is extremely important that employers respond on this very important issue.

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Financial Planning During Uncertain Times

Money Talk

For example, a salary or steady self-employment earnings, rental properties, investment returns, and/or a “side hustle” (freelancing). for the fifteen years ending in August 2015. Of course, investing for long-term goals should, ideally, have been occurring without interruption during the pandemic. company stocks, was 6.4%

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How to negotiate a higher salary

HR Digest

Salary negotiation is a completely normal and acceptable part of the employment process. Your salary is more than a figure that gets deposited in the bank account. If you love your job and want to keep it, there’s no question that you should negotiate a higher salary keeping these factors in mind. Image Credit: Freepik).

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A French Employee Sues His Employer for Depression

HR Digest

In a case of employee suing employer, a bored Frenchman sues his employer, Interparfums, for causing him to be depressed. Desnard mentions that he felt extremely ashamed for drawing a salary when he was not contributing anything. He was with the company till 2015, before the Frenchman sues his employer in 2016.

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Is Open Salaries and Pay Transparency a Good Idea?

HR Digest

The ongoing calls for salary transparency as a cure for pay inequity are actually creating confusion among employers. Salary transparency is a double-edged sword; it could bring motivation and demotivation at the same time. Focusing on peers, the survey recorded massive demotivating effects of learning other’s salaries.

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Gen Z may need to adjust salary expectations

Business Management Daily

Gen Z—people born roughly between 1995 and 2015—are now entering the workforce with their own unique set of expectations for their employers. The post Gen Z may need to adjust salary expectations appeared first on Business Management Daily.

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