Illinois Overtime Laws For Salaried Employees 2024
Illinois Overtime Laws For Salaried Employees 2024. However, the fair labor standards act (flsa) doesn’t demand overtime pay for weekend or holiday labor or regular days off. The illinois minimum wage and overtime pay law parallel the federal labor standards act (flsa), including the requirement that overtime pay is 1.5 times the employee’s regular hourly pay rate.
Overtime is paid at a rate of 1.5 times the employee’s standard hourly rate. Exceptions to overtime exemptions for illinois salaried employees.
In Illinois, Overtime Pay Is Required For Any Hours Worked Over 40 In A Single Workweek.
The dol will likely publish a final rule in the first quarter of 2024.
Exceptions To Overtime Exemptions For Illinois Salaried Employees.
State law states that an employee who works more than 40 hours in a workweek is entitled to compensation at the rate of 1.5 times the employee’s regular rate of pay for hourly workers.
Beginning On July 1, 2024, Employees Can Begin Accruing Paid Leave At The Rate Of 1 Hour For Every 35 Hours Worked.
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The Proposal Would Increase The Salary Exemption From $35,568 To $55,068 Per Year.
A new year means a new minimum wage.
Under The Flsa, Exempt Employees, Often Salaried, Are Not Eligible For Overtime Pay.
Overtime is paid at a rate of 1.5 times the employee’s standard hourly rate.
The Illinois Minimum Wage And Overtime Pay Law Parallel The Federal Labor Standards Act (Flsa), Including The Requirement That Overtime Pay Is 1.5 Times The Employee’s Regular Hourly Pay Rate.