The federal overtime rules are changing on December 1, 2016. The old rule was that a salaried worker making over $23,660 need not be paid for overtime. That threshold is moving up to $47,476 annually, with further adjustments over time. The White House expects that to boost wages by $12 billion over ten years, but there's an easy fix for businesses that need the flexibility of salaried employees.
The federal overtime rules are changing on December 1, 2016. The old rule was that a salaried worker making over $23,660 need not be paid for overtime. That threshold is moving up to $47,476 annually, with further adjustments over time. The White House expects that to boost wages by $12 billion over ten years, but there's an easy fix for businesses that need the flexibility of salaried employees.
Share this Article
Recommended