On December 1st, 2016, the minimum salary level will rise for employees exempt from overtime under the FLSA. The salary level will increase from $455 per week to $913 per week, or from $23,660 to $47,476 per year. Any employee below this new threshold will be entitled to overtime pay for all hours worked over 40 in one week. The Department of Labor estimates that over 4 million employees will be eligible for overtime pay as a result of this change.
Even though the change does not take effect until December 1st,
it is important to plan now.Here are
some suggestions of what you should do now to prepare.
The most anticipated legal issues that employers will face
will be accurately tracking the time of these newly non-exempt employees. The
link below provides some of the Data Collection options available for capturing
Choose the link below to schedule a demonstration to see how
we can help you.
For more information on the New Overtime Rules Change, check
out our Resources page.