Salary calculations are adjusted based on the number of days scheduled within a work year associated with an assignment. All employees in FLSA non-exempt positions must complete a Collin College Time Sheet daily and record all hours worked on each day.The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers. Being paid on a "salary basis" means an employee regularly receives a predetermined amount of compensation each pay period on a weekly, or less frequent, basis. To submit a request to HR Compensation, please complete the Job Description Change Request Form. In general, if you have worked more than 40 hours in a pay week, and are not "exempt", you must be paid an overtime rate for all hours over 40. Hourly workers must be paid 1.5 times their base pay rate for every hour they work over 40 in a given work week. This number is the gross pay per pay period. IRS regulations require a written election to receive annualized compensation in order to avoid additional taxes being imposed on the employee. Tax and employment law changes keeping up with them and implementing the changes in real time.