Covered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009. Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek. FLSA Minimum Wage: The federal minimum wage is $7.25 per hour effective July 24, 2009. Many states.. The average salary for a laborer is $17.29 per hour in the United States and $4,656 overtime per year. 89.5k salaries reported, updated at April 28, 2024. Is this useful? Is this useful? Maybe. Job openings in United States. Laborer. CEMEX USA 3.9. Longmont, CO. $24.06 an hour. View job details.
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Industry average of $35/per hour. Industry average cost for this job = $4200 (120 x $35) To achieve a 30% gross margin, this labor cost needs to be marked up approximately 43%. Industry average price = $6006 ($4200 x 1.43) - so this is the labor rate (price) included in the quote to the customer. That would leave you with the following:. Let's assume that hourly rate equals $14 and the employee has worked 120 hours per month (with no overtime). So, the salary looks like this: $14/hour × 120 hours= $1680. That is the compensation the worker will receive at the end of the month. According to the Fair Labour Standards all hourly workers are non-exempt and have to be paid overtime.
