People Processes
New Overtime Guidance explains Lump Sum Bonuses!
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:08:15
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Sinopsis
Today, we're talking about a new guidance that came from the FLSA that explains how to handle a lump-sum bonus, a little bit more in depth than we've had in the past. I really am excited about this because it answers some questions that have been pending for 60 years. Before we go too deep though, I want to ask you to please subscribe to our podcast. It makes a huge difference to us. You can find us on iTunes, Google podcast, Spotify, Stitcher, pretty much any pod catcher of your choice. You can also subscribe @peopleprocesses.com, which will give you access to some exclusive subscriber only content. Department of Labor regulations provide that the bonus amount is added to the employees other earnings for the week. Total earnings are divided by the total hours worked to arrive at the regular rate. So they make 1000 bucks. They worked, well, let me do it easier. They made for a hundred bucks. They work 40 hours a week, they make 10 bucks an hour, you give them $100 bonus, and now they're making an extra