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New Overtime Laws - Employers and Impact to Compensation

Thursday, May 26, 2016   (0 Comments)
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Source: Society for Human Resource Management

Last week, the U.S. Department of Labor (DOL) released its final rule regarding overtime exemption regulations. The final overtime rule includes an exempt employee threshold of $47,476 - less than the proposed rule's $50,440, but more than double the old threshold of $23,660. The salary threshold will be updated every three (3) years and employers must implement the rule by Dec. 1, 2016.


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