Dutton State Bank
United Bankers’ Bank is proud to be the nation’s first and the upper Midwest’s largest Bankers’ Bank, covering 12 states and serving over 800 community banks from the Pacific Northwest to the Great Lakes.
How do bonuses fit into overtime pay rates?
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In this webinar, we will recognize the differences between employees, including those due to gender, cultural and generational influences, with the goal of helping you realize the benefits of diversity at your bank.
The Final Rule has been published. The higher salary threshold of $47,476 takes little explanation; if employees make less than the threshold, they will need to be classified as non-exempt and paid overtime if they work more than 40 hours in a work week.
To be classified as exempt, employees must pass both the salary test as well as the duties test. Therefore, the webinar will discuss the duties test in detail along with some strategies in changing an exempt employee to non-exempt status including the calculation of their hourly wage.