Employer requirements are in a constant state of change that can make complying with the law a difficult task. Keeping up with recent rules and regulations from the Department of Labor is paramount for business owners to stay compliant. This past month the President and the Secretary of the Department of Labor published a rule updating overtime regulations. The rule will extend overtime pay protections to over 4 million workers not currently eligible. Under the new rule, employees making up to $47,476 per year ($913 per week) must receive overtime pay, even if classified as a manager or professional. Every three years the Department of Labor will increase the salary threshold. Employers have until December 1, 2016 to comply with the change.
For more information visit: Department of Labor – Final Rule: Overtime