Effective December 1, 2016, new regulations from the US Department of Labor will raise the minimum salary level for most overtime-exempt employees to $47,476 per year ($913 per week) from the current $23,660 per year ($455 per week).
As a result of the new regulations, most salaried employees paid less than $47,476 annually ($913 per week) will be entitled to overtime.
An employer should begin to prepare for the impact of the new DOL regulations by identifying and auditing affected employees, developing new compensation plans for affected employees, preparing appropriate timekeeping systems and policies, and developing communication and training plans.
This article has been archived and is available for reference only.
Updates
A court has issued an injunction that prevents the DOL from implementing and enforcing its overtime rule. The DOL may appeal the injunction. But for now, the overtime rule will not be implemented or enforced.
Templates
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