>
I've switched the order of statement just for my clarity.
At this point we are kind of at a "wash" scenerio, you want to talk in terms of "hours" and as someone who works in HR and deals with reporting compensation, I'm telling you that major HRMS/Payroll Systems (like Oracle HRMS) which is what we were using working with KRONOS our Time and Labor system. They time import from KRONS was Hours worked broken into various "buckets" if you will. Straight Hours (regular work hours), Overtime Hours (Hours over 40, actual clock hours so the time transfer is 1:1), and then various Special Hour categories (Vacation, Sick Leave, etc.)
A person making $10.00 works a regular 40 hour week. If they earn 1 hour of overtime, for a total of 41 hours the system transfer of time would have two entries. 40 Regular Hours and 1 Over time hour. Their pay would be $400.000 + $15.00 totalling $415.00 for the week. Typically payroll systems use pay rates to pay overtime, not 1/2 of overtime hours worked in their calculations. But if we did it that way you would have 41 hours at regular rate (equaling $410.00) + $5.00 ([Clock End of Overtime - Clock Start of Overtime] divided by 2). You still end up with $415 for the week. We arrive at the same $$$ figure.
That's why I say it's a wash. We are approaching the problem from two different direction and arriving at the same answer.
Here you established a criteria NOT in the law (or rule if you will) under the USDOL. There is no requirement that employees that were salaried exempt EE under the old rule to remain salaried exempt EEs. Under the new rule they would be salaried non-exempt and be due overtime for hours over 40.
There is no requirement that ANY individuals pay be increased by 100% and rise to $47,000 per year which an yard stick you appear to be trying to establish. An EE that was paid a $34,000 salary before, can still be paid $34,000 under new rule for a standard 40 hour week. The only difference is that the employee must be paid 1.5 their regularly hourly rate for time over 40 hours per week. (Or the way you like to term it, paid their regularly hourly rate for each hour (or part thereof) over 40 plus and addition 0.5 rate of that amount for that time.)
>>>>