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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.
January 28, 2004
Benefits Take Bigger Bite
Employee benefit costs rose to 42.3 percent of payroll costs in 2002, up from
39 percent in 2001, according to a survey by the U.S. Chamber of Commerce.
Workers at companies participating in the survey received an average of $18,000
worth of employee benefits in addition to wages, according to the survey of nearly
400 companies. Of that amount, nearly $6,300 went for medically related benefits,
with another $5,000 toward payments for time not worked and $2,600 for retirement
The survey found that the most common benefits offered by employers continue to
include health and life insurance; paid holidays and vacation; and retirement
"Despite rising costs, employers continue to offer a broad array of benefits
to their workers," says Bruce Josten, Chamber executive vice president. "These
higher costs are being paid voluntarily by employers and demonstrate a commitment
to employees and to maintaining a strong workforce."