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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.
This table may be used for computing overtime on piecework, bonuses, commissions or fixed salaries for varying hours. Refer to Part 778 of Title 29 of the CFR for guidance regarding when the coefficient method is applicable.
2 ημέρες πριν · Overtime Rate. 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.
The overtime law in North Carolina is primarily governed by both federal and state regulations, designed to ensure fair wage practices across various industries. Understanding the nuances of these laws is crucial for both employers and employees to ensure compliance and protect their rights.
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.
27 Δεκ 2022 · Both federal and North Carolina laws require employers to pay overtime equal to 1.5 times an employee's normal rate (assuming they're qualified). Certain types of employees, particularly certain professionals paid an annual salary, are exempt from overtime rules.
The employer is only required to pay 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 to its non-exempt employees. There is no limit on the number of hours the adult employee may be required to work.
