Related to: Overtime
Today the United States Department of Labor announced a final rule regarding executive, administrative, and professional employees who are exempt from the overtime and minimum wage requirements of the Fair Labor Standards Act. The end result of these new rules is that an estimated 1.3 million American workers will become eligible for overtime pay under…
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On May 23, 2016, the Department of Labor issued new Fair Labor Standards Act regulations which required all employers subject to the Fair Labor Standards Act to pay their “white collar” employees at least $913 per week to remain exempt from overtime. This would have more than doubled the current $455 per week salary threshold. …
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On May 18, 2016, the Department of Labor (DOL) issued its long awaited revisions to the Fair Labor Standards Act (FLSA) regulations, which significantly raise the salary thresholds required for white collar overtime exemptions. The changes take effect on December 1, 2016. I. Summary of Key Changes The key revisions focus on raising the salary…
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Although the U.S. Department of Labor (“DOL”) has yet to release its final rule revisions for overtime regulations under the Fair Labor Standards Act (“FLSA”), new details about these highly anticipated changes are beginning to surface. On Friday, April 29, 2016, sources familiar with the DOL’s deliberations indicated that the new salary threshold under consideration…
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Earlier this month, a federal judge issued a decision that could have significant financial implications for employers. The case involved the calculation of the overtime rate under the Fair Labor Standards Act (FLSA) and whether merit bonuses and other forms of compensation must be included in the calculation of the rate of pay for FLSA…
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