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Jun 19, 2024
5:53
:45
pm
sandtrapcougar
All-American
The federal limit is going up drastically this year with another large jump
Anticipated next year. Jumps to the forties this year in July I believe and then around fifty next year. New rule isn’t finalized yet so could change but it is coming.
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sandtrapcougar
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sandtrapcougar
Joined
Apr 18, 2006
Last login
Sep 27, 2024
Total posts
7,353 (269 FO)
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Messages
Author
Time
I’ve only ever had hourly employees. When does it make sense to go salary pay
blackandblue
Jun 19, 5:39pm
Make sure to check state laws before doing so. Some states have requirements on
rainorsnow
Jun 19, 5:42pm
The federal limit is going up drastically this year with another large jump
sandtrapcougar
Jun 19, 5:53pm
What we’re considering is above that threshold.
blackandblue
Jun 19, 5:56pm
Not sure what state you're in, but state law will trump federal law.
mbs6
Jun 19, 6:38pm
When you're tired of paying them overtime and want some free work from them
OverratedHumor
Jun 19, 5:43pm
It's governed by federal and (maybe) state law
Rivers Cuomo
Jun 19, 5:51pm
I hope you read and consider the post above. It is gold.
rmsenior
Jun 19, 6:20pm
Google Fair Labor Standards Act (FLSA)
Future_Tacos
Jun 19, 6:03pm
I’ve looked into it before but my accountant basically said it’s a quagmire of
kotacoug
Jun 19, 6:17pm
I pretty much agree. Paying someone an hourly rate and making them punch a clock
mbs6
Jun 19, 6:39pm
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