Posts tagged 'exempt employees'

In March 2010 the Department of Labor (DOL) issued an Administrator's Interpretation (AI) declaring that mortgage loan officers are hourly workers subject to overtime pay and not exempt employees on a salary or commission schedule. Just this past month, however, a federal jury concluded that 350 mortgage loan officers employed by Quicken Loans are indeed exempt employees and do not deserve ...

If you find yourself reclassifying your employees as non-exempt (from previously being exempt), then you could end up in deep legal doo-doo like the Michigan Bell Telephone Company. Reason? It doesn't take employees long to figure out that, if they're doing the same jobs as exempt as when they were non-exempt, then they were probably cheated out of overtime prior to the reclassification. Voila-...

The Department of Labor (DOL), in issuing an updated regulatory agenda this past week, announced it was considering a major change in its approach to enforcement. Instead of letting businesses play what it called a "catch me if you can" game, the DOL said it will issue regulations requiring each company to develop and implement its own compliance plan. In essence, this would require c...