The New FLSA Overtime Rules are Coming December 1, 2016 … Are You Ready?
On May 18, 2016, the U.S. Department of Labor (DOL) released a new rule regarding overtime wage
payment in the United States. This new rule will more than double the salary threshold that employees
must meet in order to qualify for an overtime wage payment exemption—a change that could affect
more than 4 million workers across the United States.
How the New OT Rules Will Affect You
This final rule largely reflects the changes outlined in the proposed rule that was issued on June 30, 2015.
These new requirements will have a large impact on employers, since it will require them to review
employees’ exempt status, update overtime policies, notify employees of changes and adjust payroll
systems—all of which could result in higher administrative and payroll expenses.
Employers must comply with the new rule by Dec. 1, 2016. Given the significant impact this change could
have on your company’s bottom line, it is important to start examining your payroll records and reevaluating
your overtime policies now in order to avoid compliance penalties in 2017 and beyond.
How to Get Started? Simple – download our new FLSA OT Toolkit.
Be Prepared with Our New FLSA OT Toolkit
Sail Through the new OT Rules Changes with our FREE FLSA TOOLKIT.
We’ve developed this FREE FLSA OT guide to help you navigate the changes simply and easily. The guide covers everything you need to know.
Here are a few of the Briefs:
- What’s Changing
- Who the New Changes Cover
- How to Deal with Bonuses & Incentives
- How to Calculate Overtime Pay
- What Common Mistakes to Avoid
- How to Deal with Mobile Issues
- White Collar Exemptions
- How to Prevent an Audit – and more.