Executive employees are typically high-ranking members of an organization and are generally exempt from overtime pay. An employee who falls within the executive exemption must regularly, one, supervise two or more employees; two, manage an organization, department or subdivision of the company; and three, importantly, have the authority to hire and fire employees or make recommendations regarding these tasks that are given significant consideration in the ultimate decision-making process.
So what does that mean? Examples of executive employees are supervisory managers, CEOs and company decision-makers.
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