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Department of Labor (DOL) published its proposed changes to the overtime regulations under the Fair Labor Standards Act (FLSA). The overtime rule changes are significant and fall into two categories: salary basis and primary duties test. My thanks to Jonathan for sharing his knowledge on the overtime rule changes.
It also seeks damages for the companies’ alleged improper deductions from drivers’ pay. During the investigation, XPO Logistics Drayage was purchased by Defendant STG Logistics, which has been owned by the private equity investment firm Wind Point Partners since 2016.
The first was in 2016, according to Ministerial Decree 739, and the second was in 2019. It typically includes CTC, perks, Basic Pay, and deductions. This part is crucial if the employee has variable pay, i.e., bonuses and overtime. It launched in July 2009 with Ministerial Decree No 788. The document goes through an agent.
Underperformance or failure to achieve the needful at work attracts several penalties like pay deduction, termination of appointment, suspension, legal charges, etc. In 2016, the country was ranked the second top country with global trade enabling system. The country had a score point of 9.3 of 10 in the OECD ranking.
The overtime rules went into effect on January 1, 2020. Under the new proposal, people earning a salary level of $679 for 40 hours per week (about $35,308 annually), will be eligible for overtime pay based on varied duties. Six discussions were held, and it was decided that the present compensation for overtime was inadequate.
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