Question

An American bank you found on the US Department of Labor passes a new law increasing the salary threshold for exempt employees.

a. To improve job satisfaction
b. To reduce employee turnover
c. To comply with labor regulations
d. To enhance workplace diversity

Answer 1

The American bank is implementing a new law to increase the salary threshold for exempt employees in order to comply with labor regulations.

Step-by-step explanation:

The subject of this question is Business. The American bank mentioned in the question is implementing a new law to increase the salary threshold for exempt employees. The purpose of this law is to comply with labor regulations. By increasing the salary threshold, the bank ensures that more employees are eligible for overtime pay and other labor protections.