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NEW FLSA RULING MAY INCREASE YOUR OVERTIME COSTS!
A long awaited proposed ruling in the FLSA (Federal Labor Standards Act) was made final on May 18, 2016. The Department of Labor (DOL) announced that the rate that white collar employees must make to be exempt from overtime will more than double on December 1, 2016. Currently white collar employees who made $455 per week or $23,660 annually could be exempt from overtime if they met the "duties exemption test". However, the new ruling increased this amount to $913 per week or $47,476 annually. This means that companies would now have to pay overtime for employees who do not make $47,476 annually. The attached article gives you four options if you have employees that may be affected by this new ruling.
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