OvertimePay
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What is an Exempt Employee and What You Need to Know
Understanding the Definition of an Exempt Employee An exempt employee is an employee who is exempt from certain provisions of the Fair Labor Standards Act (FLSA), which regulates minimum wage, overtime pay, and other labor laws. Specifically, exempt employees are not entitled to overtime pay for hours worked over 40 hours per week, and they are not required to receive…
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Understanding Net Pay: What It Is and Why It Matters
How Net Pay is Calculated: Understanding Deductions and Taxes Net pay is the amount of money an employee receives after all deductions and taxes have been taken out of their gross pay. Understanding how net pay is calculated is important for employees because it helps them determine their actual take-home pay, which affects their budget and financial planning. Deductions are…
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