Employers Face Time Crunch As New OT Rule Looms
Law360 (September 25, 2019, 10:28 PM EDT) -- The New Year's Day effective date for the U.S. Department of Labor's just-unveiled white collar overtime rule leaves employers with little time to get their compliance houses in order.
The DOL on Tuesday unveiled its hotly anticipated final rule updating the Fair Labor Standards Act's overtime and minimum wage exemptions for executive, administrative and professional — or EAP — workers. The rule, which takes effect Jan. 1, raises the standard salary threshold to $35,568 per year or $684 per week for employees to qualify as exempt. That threshold is about a $12,000 increase from the current level set in 2004, but about...
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