Adding to the recent flurry of federal regulatory activity, on May 18, 2016, the United States Department of Labor‘s Wage and Hour Division issued a final rule on overtime that raises the salary threshold for exempt employees under the Fair Labor Standards Act.
Defining and delimiting the exemptions for executive, administrative, professional, outside sales and computer employees under the Fair Labor Standards Act, the Department of Labor’s final rule updates overtime regulations, automatically extending overtime pay protections to “over 4 million workers within the first year of implementation.”
Learn how this new DOL final rule will impact your business by reading our legal update, DOL’s new salary rule is a mixed bag for employers.