Welcome to our latest installment of Regulatory Spring, Seyfarth Shaw’s weekly blog series covering the U.S. Department of Labor’s three-headed effort to revise and modernize various core components of the Fair Labor Standards Act. My name is Kevin Young, I’m a partner in Seyfarth’s Atlanta office. This week we’ll be covering—for the first time in audio format—the DOL’s notice of proposed rulemaking, or “NPRM,” regarding the rate of pay that employers must use to determine an employee’s overtime compensation—more formally known as the “regular rate."