It is the intent of Fortune International Group to clarify the definitions of employment classifications so that employees understand their employment status and benefit eligibility. These classifications do not guarantee employment for any specified period of time. Accordingly, the right to terminate the employment relationship at any time is retained by the employee and Fortune International Group.
Each employee is designated as either NONEXEMPT or EXEMPT from federal and state wage and hour laws. NONEXEMPT employees are entitled to overtime pay under the specific provisions of federal, state and local laws. EXEMPT employees are excluded from specific provisions of federal and state wage and hour laws.
An employee’s NONEXEMPT or EXEMPT classification may be changed only upon written notification by Fortune International Group management.
In addition to the categories, each employee will belong to one other employment category:
REGULAR FULL-TIME employees are those who are regularly scheduled to work a Fortune International Group’s full-time schedule. Full time employees must work thirty two (30) hours per week to establish full-time status with Fortune International Group and to be eligible for the company sponsored benefits (i.e., Personal Time Off, Sick, etc.). In addition, employees are eligible for a benefits package (i.e., medical dental, etc.) subject to terms, conditions, and limitations of each benefit program, as long as they completed their introductory period and have worked thirty (30) or more hours per week.
PART-TIME employees are those who work continuously for a specified number of hours per week which is less than a regular schedule of thirty (30) hours per week. Part-time employees receive all legally mandated benefits (such as Social Security and workers’ compensation insurance).
CASUAL employees are those who have established an employment relationship with Fortune International Group but who are assigned to work on an intermittent and/or unpredictable basis. While they receive all legally mandated benefits (such as worker’s compensation insurance and Social Security), they are ineligible for all of Regis HR Group’s other benefit programs.