How to estimate and convert hourly wages and annual salaries

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The Fair Labor Standards Act (FLSA) requires classification of employees as either exempt or non-exempt. Discuss the requirements for classifying employees as exempt, and the reasons many employees are mis-classified. Why is mis-classification an issue for employees, employers, government agencies and attorneys?

Discussed how to estimate and convert hourly wages and annual salaries. And discuss why to know how to convert these values is valuable for an individual who, up to this point in their life, has only been paid an hourly wage. Give specific examples to support your response!

Reference no: EM132178885

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