What Is the Difference Between Gross Pay and Net Pay?
At Leeds West Groups, we want team members to feel confident in understanding their pay and how amounts on their pay statement are calculated. Quick Answer Gross pay is the total amount you earn before any deductions. Net pay is the amount you receive after all required and authorized deductions are taken out. …
How Is Hourly Pay Calculated?
Hourly pay is calculated based on hours actually worked, in compliance with federal and state wage laws. Quick Answer Hourly pay equals your hourly rate multiplied by the number of hours worked, plus overtime pay when applicable. What Counts as Hours Worked Hours worked may include: * Time performing job du…
How Does Commission Pay Work at LWG?
At Leeds West Groups, many roles are compensated under commission-based or “either/or” pay structures designed to reward performance while ensuring compliance with wage and hour laws. Quick Answer For roles with an Hourly OR Commission pay structure, your pay for each pay period is the greater of your total hourl…
What Is the 7(i) Overtime Exemption and How Is It Determined?
At Leeds West Groups, the 7(i) overtime exemption is applied in accordance with the Fair Labor Standards Act (FLSA) and applies only to eligible commission-based roles. Quick Answer The 7(i) overtime exemption applies to eligible commission-based roles and is determined through periodic testing that evaluates ear…
How Is Salary Pay Calculated?
At Leeds West Groups, salary pay is administered in compliance with the Fair Labor Standards Act (FLSA) and applicable state wage and hour laws. Quick Answer Salary is based on an annual agreed-upon wage paid in equal installments each pay period, subject to limited, legally permitted deductions in specific situa…
Why Didn’t I Receive Overtime Even Though I Worked More Than 40 Hours?
This is most often related to exemption status or pay structure. Quick Answer If you are paid under a qualifying commission-based role and meet the 7(i) exemption criteria, overtime may not apply. Common Reasons * You qualified for the 7(i) overtime exemption. * Your role is otherwise exempt from overtime u…
