Exempt vs. Non-Exempt Employees: Everything You Need to Know
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- Опубліковано 30 лип 2024
- In this video, we explore the key differences between exempt and non-exempt employees. Whether you're an employer or employee, understanding the distinctions between these two categories is essential for ensuring proper classification and compliance with employment laws.
We'll start by defining what it means to be exempt or non-exempt, and then dive into the specific requirements and benefits of each category. We'll cover topics such as overtime pay, minimum wage, and the types of job duties that qualify for exemption.
By the end of this video, you'll have a clear understanding of the differences between exempt and non-exempt employees, and the implications of each category for both employers and employees. Whether you're navigating the job market, managing a team, or simply curious about employment law, this video is for you!
Intro: 0:00
Definitions of exempt & non exempt: 0:58
Classifying employees as exempt or non Exempt: 1:31
Reclassifying employees: 2:08
Wage & hour laws: 2:37
FLSA overtime rules: 3:04
Exempt employee overtime: 3:35
Salary vs. hourly pay: 4:09
Salaried non-exempt employees: 4:32
Hourly exempt employees: 4:58
What happens if you misclassify employees?: 5:09
Outro: 5:35
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Did we miss anything? Have more questions? Let us know in the comments below!
Can you classify an employee as salaried exempt and still pay OT? How do you track time for that?
Great question! Yes, you can classify an employee as salaried exempt and choose to pay overtime, even though it's not required by federal law. It's a way some businesses like to recognize the extra effort of their team members.
When it comes to tracking time for salaried exempt employees who are eligible for overtime, it's essentially the same process as for non-exempt employees.
- Use a reliable time tracker.
- Have clear overtime policies.
- Encourage them to track all their hours, not just the ones over 40 per week.
- Review time sheets regularly.
- Mind your state laws too.
It's all about maintaining clear records and staying compliant. And, it goes without saying, proper classification of employees as exempt or non-exempt is crucial to stay on the right side of the FLSA.
For more detailed insights, swing by our website! We're here to help your business thrive! 🌟
I enjoy & appreciated you schooling people on the difference in job titles & responsibilities! Hopefully you do a independent contractors vs employees difference video! Thanks again!
Thank you so much! We're glad to be of service. We've actually already covered independent contractors vs. employees as well, check it out!
ua-cam.com/video/kfUxzVfMpAk/v-deo.html
@@CSI-Accounting-and-Payroll thanks
This video is exactly what I needed
Alex, it’s best when explaining what the FLSA is. Thanks.
You're absolutely right, understanding the Fair Labor Standards Act (FLSA) is crucial for both employers and employees. The FLSA sets nationwide standards for minimum wage, overtime pay, recordkeeping, and child labor. It ensures that employees are compensated fairly for their work, particularly in terms of overtime pay for hours worked over 40 in a workweek.
This is why our society is screwed. All these retail outlets have this restaurant hierarchy where your either a manager or worker. Then they get some Gung ho a## to be a district manager to enforce a unworkable system where profits take precedence over training, advancement or even meeting the daily routine. Look at Walmart stores. Designed with 30 cashier stations but never utilized. I feel sorry for the Smos that have to become store managers. What they need to teach in school is financial freedom.
I see where you're coming from. You're pointing out some hard realities in retail, like the focus on profits and under-utilized resources. And you're right, companies have a role to play too. It's a complex situation, with a balance to be struck between profits and people. Teaching financial literacy in schools sounds like a great idea. Thanks for sharing!
This for texas as well
Yes, the information in this video is applicable to Texas as well, since Texas generally follows the federal FLSA guidelines for classifying exempt and non-exempt employees. However, it's always a good idea to consult your state's Department of Labor website or a legal expert for the most current, region-specific information. Thanks for watching!