DOL Hotspot

New 2016 FLSA Overtime Rules From Department of Labor

What the change is:

 

On May 17, 2016, the U.S. Department of Labor (DOL) published colossal changes to the overtime rule that will make approximately over 4 million currently exempt employees eligible for overtime pay later this year! Starting December 1, 2016, The minimum salary needed to preserve most exemptions (in addition to meeting the proper duties test) will rise from $23,660 to $47,476 per year.  Further inflation adjustments will be made every three years thereafter starting on January 1, 2020.

What this means to your business:

 

To comply with this rule you will need to do the following:

  •  Compensation analysis to determine all affected staff members
  •  Job Analysis to insure all staff members exempt status are being applied correctly
  •  Revamp wage policy and procedures
  •  Provide time and attendance collection and reporting tools to assure compliance

How CS3 can help you comply with this rule:

 

Contact Jessica Morency for more information

918-388-9764

Email Jessica

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