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Staff is also paid on a salaried basis (annual wage / 24) with 86.67 hours per period, why 86.67 hours?

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Staff is also paid on a salaried basis (annual wage / 24) with 86.67 hours per period, why 86.67 hours?

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40 hours week x 52 weeks year = 2080 work hours per year / 24 pay periods = 86.67 hours. The timesheets will never reflect 86.67 hours, but remember this is annualized hours, your timesheets will total 72, 80, 88, or 96 hours worked, but again you will be paid 86.67 hours. Non exempt employees are entitled to overtime, since you are paid ahead the current pay period timesheet were not due at processing time. All vacation, sick, unpaid days and such are adjusted on the following pay period along with overtime paid.

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