What We're Watching | Week of May 1, 2022
What We're Watching, a weekly summary from the team at Boss Consulting HR, to highlight the ever-moving parts that is Human Resources.
An Industry 'Common Practice' is Being Argued
The Fair Labor Standards Act (FLSA) dictates much about how and when employees are paid. The Supreme Court is deciding a significant case that could impact many employers that have industry 'common practices' related to pay and compensation.
A supervisor in the oil and petroleum industry who earns over $200,000 a year and has been classified as exempt under the 'Highly Compensated Executive' exemption is claiming that he was misclassified and is owed overtime.
The decision seems to be between whether a guaranteed weekly rate or a predetermined wage, be it daily or any other unit, is the threshold.