Employees that fulfill specific criteria are deemed exempt, this implies that they are not governed by the Fair Labor Standards Act. In standard conditions, all workers should be compensated at least the federal minimum wage rule, and all working hours above 40 in one week should be compensated at least one and a half times their basic pay per hour.
An exempted employee will be given a fixed wage if he is exempted. Although it's uncommon for an exempted employee to receive less than a non exempt employee. A worker may be found excluded in a variety of forms.
Employees who work for a company, are exempted from the Fair Labor Standards Act (FLSA), however, independent contractors and volunteers do not fall under this category. Multiple countries have wage standards and rules that companies are bound to follow.
Related: Exempt vs Nonexempt