News

It’s Time to Prepare for the New Over-time Rule

Published August 9, 2016

The Department of Labor issued the anticipated final overtime rule on May 18th, revising the overtime exemption regulations of the Fair Labor Standards Act (FLSA).

The salary threshold for exempt status has been changed only once since the 1970’s. The new rule increases the threshold from $23,660 to $47,476—an increase of 100%. This change significantly increases the number of employees who will be eligible for overtime pay. Here’s a summary of these important changes:

Prior to the December 1st deadline, employers will need to determine what this means for their business. These are a few of the steps employers should be taking now to prepare for the implementation deadline.

The HR Services team at Thomas, Judy & Tucker is ready to assist you with any or all steps necessary to implement this significant regulatory change. Contact Lorilynn Spronk, Manager – HR Services at 919-532-7965.

Read the text of the rule here:

https://s3.amazonaws.com/public-inspection.federalregister.gov/2016-11754.pdf

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