What is a salaried employee?

A salaried employee is someone who receives a fixed or set amount of money as compensation for their work, typically on an annual basis. They are often referred to as "exempt employees."

What are the advantages and disadvantages of being a salaried employee?

The advantages of being a salaried employee include a consistent and dependable paycheck, providing a sense of financial security. However, some salaried employees may be required to work long hours, including evenings and weekends, without additional pay.

What are the changes in labour laws affecting salaried employees?

Effective December 1st, 2016, there was a significant change in labour laws. The threshold for exempt salaried employees was raised from $23,660 per year to $47,476 per year. This means that employees earning less than $47,476 annually are now eligible for overtime pay when working more than 40 hours per week.

How do these changes affect employers?

Employers are faced with two primary options to comply with the new regulations:

• Increase the salary of affected employees to meet or exceed the $47,476 threshold, allowing them to remain exempt from overtime regulations.
• Reclassify employees earning less than $47,476 as non-exempt and track their work hours. Non-exempt employees are eligible for overtime pay for hours worked beyond 40 per week.

Do these changes apply to all businesses?

Yes, the changes in labour laws apply to businesses of all sizes, both large and small.

Is it necessary for employers to comply with these labour law changes?

Yes, it is essential for employers to comply with these labour law changes to ensure fair compensation for their employees and avoid potential legal issues.

Where can I get more information on labour laws and compliance?

For more information on labour laws and compliance, you can consult your local labour department, legal counsel, or relevant government agencies. Staying informed about current regulations is crucial for both employees and employers.