Employees help you make your business successful. Not only do they complete tasks that you do not have to, but they can also help you think of innovative solutions for your business.
Paying employees on salary can be a benefit for both you and your employees. You get the assurance that they will complete their assigned work, and they get a steady paycheck they can count on.
Depending on the salary you pay, your employees may be entitled to overtime. Here’s what you should know about overtime rules for salaried workers.
It’s all about the title
In other states, there are minimum salary requirements, and if you pay over those amounts, you do not need to pay overtime. In New York, however, most salaried workers are entitled to overtime if they work more than 40 hours in a given week.
The difference for New York employees comes with the job title. There are a few limited positions, such as executive and administrative employees, who are exempt from overtime rules.
Employees cannot opt-out
As you are negotiating pay with your employees, keep in mind they cannot simply choose not to receive overtime. If the employee’s work does not fall under one of the exempt categories, and they work more than 40 hours, you must pay overtime.
Also, you still must pay overtime even if you did not specifically approve the employee going over the hours.
Talk to your employees about your overtime expectations and policies. Make sure they know what the process is for requesting more hours to complete their work.