This Handbook provides an overview of federal laws addressing employer-employee rights and obligations. Information discussed includes wages & hours, discrimination, termination of employment, pension plans and retirement benefits, workplace safety, workers' compensation, unions, the Family and Medical Leave Act, and much more in 25 pages of materials.
Sc Labor Laws For Salaried Employees In Illinois
Category:
State:
Multi-State
Control #:
US-002HB
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
What Are the Key Changes? Changes are meant to reflect inflation and increased living costs. As a result, thresholds tend to move upward rather than downward: Minimum Salary Threshold: The new rule raises the standard salary level from $35,568 per year ($684 per week) to $58,656 annually ($1,128 per week).
As a salaried exempt employee, you must make at least double the yearly amount that a minimum wage hourly worker would make working a 40-hour work week each week. Beginning in 2023, California established that the minimum wage in the state is $15.50 an hour; however, depending on where you're located, it might be more.
There is no requirement on the number of hours a salaried employee can work in a workweek. However, employees who worked beyond 40 hours in a workweek, qualify for overtime compensation.
While Illinois does not impose a strict limit on the number of hours a salaried employee can work, federal laws under the Fair Labor Standards Act (FLSA) set boundaries for non-exempt employees. However, these limits do not apply to exempt salaried employees.
The DOL's 2024 final rule increased this minimum salary threshold for EAP exempt employees from $684 per week to $844 per week (equivalent to $43,888 per year) on July 1 and mandated a second increase to $1,128 per week (equivalent to $58,656 per year) to take place January 1, 2025.
Effective July 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on Jan. 1, 2025. The July 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update.
Most salaried employees don't often exceed 45-50 hours of work in a given week. If a job regularly requires more than 50 hours of weekly work, then the role is probably poorly designed. The roles, duties and responsibilities may be completed more effectively if distributed across multiple jobs.
More info
A salaried employee in Illinois can work up to 40 hours in a standard workweek. When determining whether an employee is exempt or non-exempt from receiving overtime, employers in Illinois need to review their employee's classification.Wages are to be paid no later than 13 days after the end of the pay period in which the wages were earned. It's a common misbelief that salaried employees are not eligible for overtime, which can unintentionally lead to breaches in labor regulations. Illinois has various laws governing the payment of employees, including minimum wage and overtime laws. This includes paying employees for overtime if they work more than 40 hours in a workweek. Overtime pay rate: At least 1.5 times the regular rate of pay for hours worked beyond 40 in a workweek. May exclude certain employees exempt from the Minnesota Fair Labor Standards Act. Employers would have 21 days to provide the pay stubs after the request. , less than the average weekly wage).