Update: By the way, the chair of the department does not have the best English skills because he is Asian and went to school in Germany, so English is probably his third language. Don't tell me not to go to RPI because of the guy's English skills, lol. Update 2: Ohh no, I know the term candidate is common...
Iowa's overtime minimum wage is $10.88 per hour, one and a half times the regular Iowa minimum wage of $7.25. If you earn more then the Iowa minimum wage rate, you are entitled to at least 1.5 times your regular hourly wage for all overtime worked.
The Obama Administration has announced plans to require overtime pay for salaried employees who earn less than $50,440 a year. Economic research shows that employers will offset new overtime costs by lowering base salaries.ncreasing the salary threshold to $50,440 a year would force employers to pay salaried employees with moderate incomes overtime no matter their job duties. The Administration and its allies argue that mandatory overtime rates will raise the earnings of 5 million salaried employees.