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Overtime Primer: Highlights from the New Regulations
The federal DOL overtime regulations go into effect this year. Are you ready?
This report includes a summary of key changes, including the salary level test and salary basis test.
As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.
July 08, 2002
Most Spending Two Weeks' Pay on Vacation
In addition, 50 percent of respondents said that they plan to use at least three weeks of take-home pay to finance their vacation.
Monster said the findings illustrate a substantial shift from 2001 results, which found that only half as many respondents (24 percent) made plans that required this monetary investment.
In May/June 2002, the Monster Meter asked, "How many weeks of take-home pay do you use to finance a vacation?" A total of 30,190 votes were cast, revealing the following:
-- 30% (9,045 votes) said: "4 weeks."
-- 30% (9,012 votes) said: "2 weeks."
-- 20% (6,101 votes) said: "1 week."
-- 20% (6,032 votes) said: "3 weeks."
Tips for Vacationers
According to Barbara Reinhold, a Monster "career coach":
-- Americans should consider vacation time a career "revitalizer." Enjoy eight hours of sleep a night. Spend quality time with family. Don't be a "clock watcher."
-- Make your vacation a real vacation. Don't check email and voicemail. Turn your cell phones and Blackberrys off. The true benefits of time-off do not kick-in if your "head" is still in the office.
-- Not all vacations require extensive travel or monetary investment. Whether relaxing at home, gardening or catching up with longtime friends, it is an opportunity to temporarily step away from the norm and rejuvenate.
ly 80 percent of the participants in a recent Monster.com poll said they intend to spend more than two weeks of their take-home pay to fund a vacation this year.