The last few weeks we've been covering the different rules to exempt your employees from overtime. Based on a recent change the Department of Labor made on those rules that go into effect January 2020.
The last one we are going to talk about and probably the one with the most limited use is the highly compensated employee rule. The highly compensated employee must be compensated at a total of $107,432 or more per year. Compensation including salary, benefits and perks. The $107,432 must include a minimum of $684 in salary per week as the other rules
So not very many people get exempt for this overtime rule. Not many companies are going to make the decision to make someone a highly compensated employee just to exempt them from overtime. So a very niche rule
If you ever have any questions about this rule or the other rules we talked about the last few weeks reach out to me at jasoncavness@cavnessHRcom.
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Thanks for your time today and remember to be great every day.