If an exempt salaried employee works 60 hours in a busy week, what happens to their effective hourly rate for that week?

Answer

It drops below their standard calculated rate

Since the salaried, exempt employee receives a fixed payment, dividing that fixed amount by the higher number of hours worked (60) results in a lower effective hourly rate for that specific period.

If an exempt salaried employee works 60 hours in a busy week, what happens to their effective hourly rate for that week?

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