The state’s minimum wage rate is the same as the federal minimum wage rate. Although employers can pay their nonexempt salaried workers more than $7.25 an hour, they are prohibited from paying them below this rate.
Do salaried employees get overtime in Indiana?
According to the Indiana overtime laws for salaried employees, an individual has a right to get overtime pay if the number of employees under the same employer exceeds 40.
What is the minimum wage for salaried employees in Indiana?
So, Will Indiana Increase Its Minimum Wage This Year? In 2018 a bill was introduced to the Indiana General Assembly to increase the state minimum wage from $7.25 an hour to $10 an hour starting June 30, 2021. It would increase to $13 an hour by 2022 and $15 an hour by 2023.
How is salary worked?
A salary is a consistent employee payment over an agreed period of time, usually for working in a full-time role. Generally, salaried employees are paid monthly, however, in certain circumstances they can be paid bi-monthly (twice a month).
Can you be fired for discussing salary Indiana?
In fact, employees’ right to discuss their salary is protected by law. While employers may restrict workers from discussing their salary in front of customers or during work, they cannot prohibit employees from talking about pay on their own time.
What are salary laws in Indiana?
The current minimum wage law in Indiana is $7.25, according to Indiana minimum wage laws. The minimum wage for tipped employees is $2.13. Illinois law requires employers to pay non-exempt employees 1.5 times their regular rate of pay for all hours worked over 40 in a workweek.
Do salaried employees get paid if they do not work?
A worker on a salary contract will get paid their full salary even if they do not work their full number of hours in a week. This differs from unsalaried employees, who get paid based on the exact hours they work.
How many hours is full time in Indiana?
30 hours
An employee who regularly works 30 hours or more per week is defined as full time.
What is a good hourly wage in Indiana?
Hourly Salary in Indiana
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,700 | $28 |
| 75th Percentile | $41,325 | $20 |
| Average | $41,807 | $20 |
| 25th Percentile | $25,828 | $12 |
What is considered a living wage in Indiana?
Living Wage Calculation for Indiana
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.79 | $21.03 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
What are the disadvantages of salary?
Disadvantages of Paying Salary
- Less flexibility. With salary positions, you can’t save money by informing an employee that they don’t need to come in.
- Salaries for non-exempt employees can lead to wage-and-hour violations. FLSA non-exempt employees must be paid overtime, which means you need to track their hours.
Is salary pay better than hourly?
In the end, there’s no straightforward answer on whether a salaried role is better than an hourly one. Several factors impact each position at each company within each industry. While salaried individuals may feel assurance with a fixed annual amount, hourly employees benefit from overtime pay.
What are the disadvantages of salaried employment?
Disadvantages of Being Salaried Employee
As an exempt employee, you’re expected to work the number of hours needed to complete your assigned tasks. The completion of these tasks may require a 40-hour week or an 80-hour week and that schedule may be a temporary one or an expected standard.
Why you shouldn’t talk about your salary?
Conversations can evoke feelings of jealousy and inequity among co-workers who most likely are unaware of the reasons for salary differences, including education, experience and training. Suspicion, distrust and other negative emotions often result from salary discussions and seriously affect company morale.
Is it legal to pay salary in cash?
It is not mandatory that the salary payment must be through cheques. But under section 40A(3), an expenditure of more than Rs 20,000 by cash per day is not allowed for the payer. So, nobody should pay salary in the form of cash. The amount can be included in Form 16.
Can my boss tell my coworkers my salary?
What are my rights? Under Executive Order 11246, you have the right to inquire about, discuss, or disclose your own pay or that of other employees or applicants. You cannot be disciplined, harassed, demoted, terminated, denied employment, or otherwise discriminated against because you exercised this right.
How many hours can a salary employee work in Indiana?
Although administrative, professional and executive salaried employees are not required to receive overtime pay according to FLSA and state laws, other salaried employees in Indiana must get paid overtime after they work more than 40 hours during a week.
What is the minimum exempt salary in Indiana?
1, 2020, in order to be exempt from the FLSA, an employee must be paid a salary of $455 or more per week – $23,660 annually.
What is the minimum salary for exempt employees in Indiana 2021?
$684.00 per week
They can be paid at $684 on a salary basis or at an hourly basis “at a rate not less than $27.63 an hour.” The FLSA minimum salary for exempt employees for 2021 sits at $684.00 per week. This is a new change that went into effect in January 2020 and the requirement will remain the same throughout 2021.
Is salary taxed differently than hourly?
The rate of tax is the same for both salaried and hourly-paid staff. As an employer, you pay tax according to the total amount on your payroll—whether salaried employees, hourly workers or both.
How many hours do most salaried employees work?
How Many Hours a Week Does the Average Salaried Employee Work? While 40 hours of work per week is considered full-time, the average salaried employee does not often exceed 45-50 hours per week.