Overtime Rule Reversed
Last week, a federal judge blocked The Department of Labor’s (DOL’s) new federal overtime rule.
Last week, a federal judge blocked The Department of Labor’s (DOL’s) new federal overtime rule.
Employers have just a few weeks left to prepare for the changes that The United States Department of Labor (DOL) issued in May.
The DOL issued the final update to its proposed “Overtime Rule” which was a revision to the Fair Labor Standards Act.
The salary threshold for white collar exemptions will be increased to $47,476 from the current threshold of $23,660, effective December 1, 2016, affecting 4.2 million U.S. workers.
Key Overtime Rule Changes:
The DOL is proposing the following ways for businesses to comply with these changes:
According to the DOL, this exemption threshold has not been updated since 2004 and was due to be revised as “President Obama directed the Secretary of Labor to update the FLSA’s overtime pay protections and to simplify the overtime rules for employers and workers alike.”
For more details on this update rule, check out the DOL’s Overview and Summary and Small Business Guide.
We hope this information has been helpful to you. If you have questions about how the proposed overtime rule affects your business, please contact your Whalen & Company representative.
The United States Department of Labor (DOL) issued the final update to its proposed “Overtime Rule” this week, a revision to the Fair Labor Standards Act.
The salary threshold for white collar exemptions will be increased to $47,476 from the current threshold of $23,660, effective December 1, 2016, affecting 4.2 million U.S. workers. Vice-President Joe Biden is in Columbus, Ohio today to share this announcement.
Key Overtime Rule Changes:
The DOL is proposing the following ways for businesses to comply with these changes:
Webinars on the new overtime rule will be conducted by the DOL in May and June. See the scheduled webinars and register here.
According to the DOL, this exemption threshold has not been updated since 2004 and was due to be revised as “President Obama directed the Secretary of Labor to update the FLSA’s overtime pay protections and to simplify the overtime rules for employers and workers alike.”
For more details on this update rule, check out the DOL’s Overview and Summary and Small Business Guide.
We hope this information has been helpful to you. If you have questions about how the proposed overtime rule affects your business, please contact your Whalen & Company representative.
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