Q: We have a full time (40 hours/wk) employee who has worked for us for 10+ years. He would like to work additional hours, and we would not like to pay overtime based upon his current wage. Is it possible for the employee to voluntarily (as evidenced by a letter acknowledging the new wage and overtime hours) accept a new lower wage so that the overtime rate is more manageable? – Tony, Florida
Can we lower an employee’s pay rate so as not the break the overtime bank?
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