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Overtime Pay, Salary and Comp Time. An employer must pay its employees at least the minimum wage for all hours worked, and time and one-half overtime pay based on an employee's regular rate of pay for all hours worked in excess of 40 in a workweek unless the employee is exempt for some reason.
2 ημέρες πριν · North Carolina mandates an overtime wage of 1.5 times the employee’s regular pay for any work exceeding 40 hours in a week. With the upcoming changes starting January 1, 2025, the U.S. Department of Labor will increase the salary threshold for overtime exemptions to $58,656 annually.
North Carolina overtime laws. By federal law, eligible employees who work more than 40 hours per week qualify for overtime pay at a rate of one and one-half (1.5) times the regular rate of pay. In addition, federal law doesn’t require overtime pay for working on the weekends, holidays, or any other day of rest.
Understanding overtime law in North Carolina helps both employers and employees navigate their rights and responsibilities effectively. Calculating Overtime Compensation. Overtime compensation in North Carolina must be calculated according to the Fair Labor Standards Act (FLSA), as the state defers to federal regulations in this area.
5 ημέρες πριν · For example, if an employee earned an annual salary of $100,000, this is what their gross wages would be for different pay periods (assuming there are no other pre-tax deductions): Pay schedule. Gross wages (based on $100k salary) Weekly (52 pay periods/year) $1923.08. Bi-Weekly (26 pay periods/year) $3846.15. Bi-Monthly (24 pay periods/year)
18 Ιαν 2024 · North Carolina, like many other states, follows the federal Fair Labor Standards Act (FLSA), which states that eligible employees who work above 40 hours a workweek receive overtime pay of at least one and a half times their regular pay rate for the hours worked beyond 40.
22 Σεπ 2024 · Calculate overtime pay: Multiply the overtime rate by the number of overtime hours. If the employee earns $22.50 per overtime hour and works 50 hours a week, the employee would earn $225 in overtime pay for that week.
