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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?


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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.

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February 11, 2011
Chrysler, GM Plans to Distribute Bonuses to Employees

Chrysler Group and General Motors (GM) are expected to distribute bonuses to employees this year. Select managers may receive a bonus as high as half of their salary, according to reports.

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Almost 11,000 salaried workers at Chrysler will receive an average bonus of $10,000, Bloomberg reports.

Around 26,000 white-collar workers at GM could see performance bonuses this year. The automaker also plans to pay its 53,000 U.S. unionized hourly employees profit-sharing checks amounting to $3,000 or more.

Both companies received government-funded bailouts and are subject to pay restrictions for top executives.

GM, Chrysler, and Ford are among the automakers who are currently preparing for contract talks this year with United Auto Workers.

Source:

Bloomberg

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