With just about 90 days to go before the U.S. Department of Labor’s final rule dramatically updating overtime regulations is scheduled to go into effect, small business owners have petitioned the DOL’s Wage and Hour Division seeking more time to prepare for and implement changes to the way they operate their businesses so that they
US DOL finalizes new rule expanding overtime coverage
The US Department of Labor (DOL) has finalized a new rule expanding the number of employees entitled to receive overtime pay for work in excess of 40 hours in a regular workweek, by doubling the salary needed for executive, administrative, and professional workers to qualify as exempt and by raising the compensation needed to qualify
DOL’s new salary rule is a mixed bag for employers
Adding to the recent flurry of federal regulatory activity, on May 18, 2016, the United States Department of Labor‘s Wage and Hour Division issued a final rule on overtime that raises the salary threshold for exempt employees under
Fatter paychecks for employees, tough decisions for employers
On June 30, 2015, the U.S. Department of Labor issued a Notice of Proposed Rulemaking (NPRM) that will significantly increase the number of employees entitled to receive overtime pay for work in excess of 40 hours during a regular workweek. Once implemented, the new rule is estimated to affect at least 5 million full-time employees