Don’t Underestimate Overtime Changes: A Look Into Overtime Under the FLSA and How Businesses Can Prepare
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On Sept. 24, 2019, the U.S. Department of Labor (DOL) released its final rule that boosts the salary threshold at which workers are eligible to receive overtime, making a major change to employee exemption criteria under the Fair Labor Standards Act (FLSA). This extends overtime protections to more than a million currently exempt workers making less than $684 per week (or $35,568 per year) and over 100,000 highly compensated employees making less than $2,066 per week (or $107,432 per year), beginning Jan. 1, 2020.
This salary level threshold increase could represent financial and operational challenges for employers, who now must evaluate how their employees are scheduled and paid, in order to make the types of workforce decisions that will mitigate their labor costs and their exposure under the FLSA.
This free, in-depth white paper can help employers prepare.