The U.S. Department of Labor (DOL) recently rocked the business world when it announced a Proposed Rule that, if implemented in its current form, would force employers around the country to increase salaries for millions of currently exempt workers or convert them to non-exempt employees eligible for overtime. The Proposed Rule would dramatically increase the existing salary thresholds for the Fair Labor Standards Act (FLSA) overtime exemptions by changing the underlying methodology and featuring automatic future increases on a three-year cycle. If the Proposed Rule takes effect, it will impact nearly all employers nationwide.
