There are some compensation and benefits that are mandatory. Such benefits are mandatory or statutory benefits. These are employment benefits that, by law, employers must provide. The purpose of the required benefits is to protect and provide for employees. Mandatory benefits help employees and their families through medical care and retirement income. They also …
In June 2015, the U.S. Department of Labor (DOL) issued a proposed rule to modify the “white collar exemptions” under the Fair Labor Standards Act (FLSA). The proposed rule seeks to significantly increase the minimum salary requirements for employees to be considered exempt. The DOL received more than 250,000 public comments on the proposed rule. …
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