5 Ways Employers Should Prep For The New OT Expansion
By Vin Gurrieri (May 27, 2016, 5:24 PM EDT) -- As the dust settles on the U.S. Department of Labor's overtime exemption rule finalized last week, employers are beginning the daunting task of figuring out how to comply with the rule.
The DOL's highly controversial rule, which takes effect on Dec. 1, 2016, was finalized earlier this month after its proposed version garnered nearly 300,000 comments from stakeholders.
The rule's most notable aspect is that it raises the minimum salary threshold required to qualify for the Fair Labor Standards Act's "white collar" exemption to $47,476 per year, or $913 per week. That threshold is equal to the 40th percentile of weekly...
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