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