NV SB198

Separates "wages" from "compensation" for final pay requirements: wages remain due immediately upon discharge or nonworking status, while compensation (bonuses, profit-sharing, fringe benefits, 401(k) matching) may be paid on the employee's regular compensation pay date

Changes the penalty structure for late wage payments from continuation of wages at the same rate to 8 hours of pay at 1.5 times the employee's hourly rate for each day wages remain unpaid, up to 30 days

Adds a new penalty requiring employers who fail to pay wages on time to also pay the equivalent of what the employee would have earned in compensation for each day of non-payment, up to 30 days

Defines "compensation" to include bonuses, profit-sharing arrangements, fringe benefits, 401(k) matching contributions, and other similar employer-agreed contributions

Establishes calculation methods for hourly wage rates: for hourly employees, the rate as of separation; for salaried or piece-rate employees, total wages divided by hours worked in the relevant pay period