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Breaking News from the Dept of Labor: Final Rule on Overtime
The U.S. Department of Labor's final rule updating the overtime regulations has just been announced.
This much anticipated rule has been the source of a great deal of discussion among employers and business groups over the last year.
The press release from the Wage and Hour Division of the Department of Labor can be viewed here.
It expects that the change in the way that employers must treat their employees may extend overtime pay protections to over four million workers within the first year of implementation.
Note that the rule becomes effective December 1, 2016.
Under the new rule, anyone making a salary of less than $47,476 will automatically qualify for overtime pay when they work more than 40 hours a week. That is about double the $23,660 threshold that is currently in place. There are other significant changes as well.
Knox Law's Labor & Employment Group will be preparing a more thorough explanation of the rule shortly. In the meantime, should you have any questions, please contact any of the attorneys in the Labor & Employment Group.
Legal Advice Disclaimer The content of this website is provided for general information purposes only. It should not be used as a substitute for consulting an attorney for legal advice regarding the reader's own affairs. Knox McLaughlin Gornall & Sennett, P.C. is not responsible for the content provided on any third-party website which may be accessed via links provided by this site.
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