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Nobody will get yearly bonus's ever if employers are forced to pay overtime for those types of jobs, so if you work at a company in which you make up a lot of the time in the form of a bonus, then you'll cannibalize that. This is not only due from offsetting costs from having to pay overtime, but a big part will be from the FSLA Overtime Bonus Adjustment. It's a nightmare to calculate and explain but the short of it is that your overtime pay is calculated based on your total earnings, not just your hours times 1.5. So if you worked 40 hours and 10 overtime hours @ 10 dollars an hour, you'd effectively make 50*$10 for 500 dollars of straight time hours. Then you pay a premium of the average, which ends up being 5 dollars, so 5 dollars @ 10 hours makes 50 bucks. You make 550 dollars. HOWEVER, if you make a non discretionary bonus of 100 dollars, you instead made a total of $600 of straight time hours, which comes out to 12 dollars an hour, and half of that is 6, so you make 60 dollars of overtime dollars instead of 50. FSLA Overtime Bonus Adjustment would give you an extra 10 dollars. It adds up fast. Also the work involved is well....  It would probably kill a ton of bonuses for people.
Veskit fucked around with this message at 04:32 on Nov 22, 2014 |
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Nov 22, 2014 02:24
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| # ¿ Apr 28, 2024 17:12 |
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