What are the rules for paying overtime for salaried employees?

In Mississippi, employees who are paid on a salaried basis may be entitled to overtime pay. Under federal law, salaried workers must be paid an equal amount for any hours worked over 40 in a workweek, regardless of job duties or job title. In Mississippi, employers must pay overtime to salaried employees at a rate of 1.5 times their regular rate of pay. Employees covered by the Fair Labor Standards Act (FLSA) are eligible for overtime pay. This includes non-exempt employees, executive, administrative, and professional employees, as well as outside salespeople and certain computer professionals. In order for an employer to be able to pay an employee a salary and not overtime, the employee must be in an executive, administrative, or professional capacity and must be paid at least $455 per week (or $23,660 per year). Even if an employee meets these requirements, the employer is still required to pay overtime if the employee works more than 40 hours in a week. Employers must also be aware of state and local laws, which may provide additional overtime protections for salaried employees. Additionally, it is important for employers to keep detailed records of hours worked for all employees, even salaried employees, to ensure accuracy and compliance with the law.

Related FAQs

What is the difference between exempt and nonexempt employees?
Are employers allowed to require employees to work additional hours without pay?
What are the restrictions on working hours for minors?
Are employers allowed to pay employees differently based on gender or race?
What is the penalty for not paying employees the minimum wage?
Are employers allowed to set a different hourly wage for part-time and full-time employees?
How are breaks and overtime calculated?
What is the child labor law?
What is the overtime rate for hourly employees?
What are the requirements for conducting background checks on potential employees?

Related Blog Posts

What is Wage and Hour Law and How Does it Affect Your Business? - July 31, 2023
What Employers Need to Know About Wage and Hour Law - August 7, 2023
The Basics of Payroll Law and Compliance - August 14, 2023
Compensating Your Employees - Tips for Wage and Hour Law Compliance - August 21, 2023
Understanding Overtime Rules Under Wage and Hour Law - August 28, 2023