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The Overtime Rule Gets an Overhaul: Are You Ready?

To reduce the risk of non-compliance, businesses should prepare now for the upcoming overtime rule changes that primarily impact white-collar employees.

The U.S. Department of Labor’s (DOL) revisions to the Fair Labor Standards Act (FLSA) white-collar exemption are expected to be finalized soon. The proposed new rules would raise the salary threshold from $455 per week ($23,660 per year) to $679 per week ($35,308 per year), allow employers to include “certain nondiscretionary bonuses and incentive payments” up to 10% of the new $679 per week salary threshold and, raise the total annual compensation requirements for highly compensated employees to $147,414.

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