E1: 07: Enhancement for Fair Labor Standards Act (FLSA) FLSA Payment For a Bonus and Overtime Hours Paid at the Straight Time Rate
(Doc ID 3051092.1)
Last updated on DECEMBER 10, 2024
Applies to:
JD Edwards EnterpriseOne US Payroll - Version 9.2 and laterInformation in this document applies to any platform.
Symptoms
The Commerce government website for Fair Labor Standards Act discusses that the total remuneration includes payment for overtime hours at the straight time rate.
https://www.commerce.gov/hr/practitioners/compensation-policies/premium-pay/calculating-overtime-entitlements-under-FLSA
The department of labor website discussed bonuses and the regular rate of pay under the FLSA.
https://www.dol.gov/agencies/whd/fact-sheets/56c-bonuses
Request functionality to compute bonus and overtime pay based on employee's regular rate.
Example calculation example:
$10.00 per hour x 43hours = $430.00 (total compensation for straight time)
$430.00 + $50.00 (bonus) = $480.00 (total compensation)
$480.00 ÷ 43 hours = $11.16 (regular rate)
$11.16 x .5 = $5.58 (half time premium pay rate)
$5.58 x 3 overtime hours = $16.74 (overtime pay due)
$480.00 + $16.74 = $496.74. (total due)
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |
| References |