Yes.  

Exempt employees are paid for the job and not the
hour.  They only report full-day absences and not
partial ones.  They neither qualify for overtime nor
comp time.  

Employers who have their exempt employees record time
off in increments of less than a full day stand to
potentially jeopardize the exempt status of all exempt
employees in their organization.  See COUNTDOWN TO
COMPLIANCE WITH THE FINAL FLSA REGULATIONS
http://www.shawe.com/E-updates/0604_UP.html

Other references:

http://www.dol.gov/esa/regs/compliance/whd/fairpay/fs17a_overview.htm

http://www.dol.gov/esa/regs/compliance/whd/whdfs23.htm




--- Jeff <[log in to unmask]> wrote:
> i presume you're talking about hourly employees and
> not salaried?
> 
> Jeff Courtman
> Project Manager
> artspace in the West Edge
> 710 Texas Street
> Shreveport, La  71101
> 318-673-6535
> 
> 
> 
> Most workers are familiar with compensatory or comp
> time -- the practice of offering employees time off
> from work in place of cash payments for overtime.
> What
> comes as a shock to many is that the practice is
> illegal in most situations. Under the FLSA, only
> state
> or government agencies may legally allow their
> employees time off in place of wages (29 U.S.C.
> '207(o)).
> 
>
=========================================================
> Important Subscriber Information:
> 
> The Museum-L FAQ file is located at
> http://www.finalchapter.com/museum-l-faq/ . You may
> obtain detailed information about the listserv
> commands by sending a one line e-mail message to
> [log in to unmask] . The body of the
> message should read "help" (without the quotes).
> 
> If you decide to leave Museum-L, please send a one
> line e-mail message to [log in to unmask]
> . The body of the message should read "Signoff
> Museum-L" (without the quotes).
> 

Indigo Nights
[log in to unmask]

=========================================================
Important Subscriber Information:

The Museum-L FAQ file is located at http://www.finalchapter.com/museum-l-faq/ . You may obtain detailed information about the listserv commands by sending a one line e-mail message to [log in to unmask] . The body of the message should read "help" (without the quotes).

If you decide to leave Museum-L, please send a one line e-mail message to [log in to unmask] . The body of the message should read "Signoff Museum-L" (without the quotes).