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More questions on new FLSA Regs

cselibcselib 9 Posts
in Compensation Vote Up0Vote Down
I am not sure if my interpretation is correct on this... The new mandatory rate is $455 per week for exempt staff, based on a 40 hour workweek. If my company's work week is 35 hours, would it follow that the rate should be set at approx. $400? Thanks.

~Cheryl
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  • HatchetmanHatchetman 877 Posts
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    [font size="1" color="#FF0000"]LAST EDITED ON 04-26-04 AT 12:22PM (CST)[/font][br][br]Current DOL Opinion regarding the salary requirement for exempt status requires that the dollar threshold be met regardless of the number of hours worked. Thus if the position is part time, such as 35 hours, the current threshold still has to be met.

    I doubt that that Opinion will change with the new regulation since it speaks about a dollar amount (as well as duties) to be exempt and not about FTE status.
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