Overtime Extended to Millions
The U.S. Department of Labor implemented its new rule to increase the base salary requirement for white collar exemptions to $47,476.00. Under the DOL’s overtime rule an employee may be exempted from overtime if the employee holds a position that meets the job duties defined for the managerial, administrative or professional exemption if the employee is paid on a salaried basis and meets a threshold salary. Previously that threshold was $23,660.00 established in 2004. The new threshold will be adjusted every three years and will be based on the 40th percentile of full-time salaries in the lowest income region of the United States. The new rule goes into effect December 1, 2016. If you have any questions about this new rule and its impact on your business please call one of our employment lawyers, Maribeth Meluch.
