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What are the differences in job responsibilities between Exempt and Non-exempt employees?

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What are the differences in job responsibilities between Exempt and Non-exempt employees?

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I’m advising a small/medium-sized business on strategic and marketing issues. It’s likely that they have mistakenly assumed that all salaried employees are classified as “exempt” by virtue of being salaried rather than hourly, regardless of their levels of responsibility or on-the-job discretionary freedom. Since one of my concerns here is risk-management, I want to raise the issue since this exposes them to future claims. Can you point me to a clear and credible explanation of the differences, including references to the actual labor law language if you have it? Thanks very much.

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