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6 articles for “Salary”
Employee Classifications – The Salary Test
In last months issue of Mind Your Business: PA School Bus Edition, we discussed the job duties test as a component of determining whether an employee is exem...
Employee Classifications – The Duties Test
The Fair Labor Standards Act (“FLSA”) establishes the minimum wage, currently $7.25 per hour, and overtime requirements for employees working over forty (40)...
Understanding Seller’s Discretionary Earnings (SDE): A Key Metric in Business Valuation
When business owners begin thinking about selling their company, one of the first questions they ask is, “What is my business worth?” While there are several...
How to Handle Twenty-Seven Pay Periods in 2026
Many employers pay their salaried employees an annual salary amount that is paid in twenty-six biweekly installments over the course of each year, most often...
Legal Focus: Changes to the Department of Labor’s Overtime Rules
Overtime compliance can be difficult to track especially if your employees do not have a typical 9 to 5 workday. In addition, the tests that have been put in...
Proposed Changes to the Fair Labor Standards Act Salary Threshold
Who is hourly and who is salary in your organization? That could all change soon. In July, 2015 the Department of Labor (DOL) gave notice of a proposed rule ...