New Overtime Rule Could Affect Millions of Workers
On June 30, 2015, the U.S. Department of Labor (DOL) released a proposed rule that would overhaul overtime wage payment in the United States. The new rule would more than double the salary threshold that employees must meet in order to qualify for overtime wage payment exemption—a change that could affect 11 million workers across the United States.
The proposed rule has been controversial because, if implemented, employers would need to review employees’ exempt status, update overtime policies, notify employees of changes and adjust payroll systems—all of which could result in higher administrative and payroll expenses.
This HR toolkit examines the proposed rule in detail and outlines preparation strategies for employers.Proposed_Changes_to_FLSA_White_Collar_Exemption_Rules_Toolkit.pdf
Posted on May 12, 2016
by Cori Burns filed under