Obama's Overtime Eligibility Expansion Will Be Costly

Law360, New York (March 14, 2014, 7:04 PM EDT) -- President Obama’s March 13, 2014, executive order that the U.S. Department of Labor update the overtime regulations to the Fair Labor Standards Act[1] will likely lead to millions of currently exempt, white-collar employees being reclassified as nonexempt and eligible for overtime pay, as well as to a dramatic increase in employers’ personnel costs. Unlike the federal minimum wage law, which necessitates legislative action before change, the FLSA statutorily empowers the DOL to implement and amend regulations that determine which employees are exempted from their employers’ requirement to...
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