It is rare for an employee’s salary to double with one raise, yet, under the Department of Labor’s (DOL's) proposed rule, employers will need to double some employees’ salaries to continue to pay them salaries without...more
9/18/2015
/ Audits ,
Comment Period ,
Compliance ,
Department of Labor (DOL) ,
Fair Labor Standards Act (FLSA) ,
Federal Register ,
Final Rules ,
Minimum Salary ,
Unpaid Overtime ,
Wage and Hour ,
White-Collar Exemptions
In a much-anticipated move, on June 30, 2015, the Department of Labor issued a proposed rule requiring a weekly salary of at least $970.00, or $50,440.00 annually, for employees to be exempt from the Fair Labor Standards...more
On March 13, 2014, President Obama signed a memorandum directing the United States Department of Labor to revise the regulations concerning employees' eligibility for overtime pay under the Fair Labor Standards Act ("FLSA")....more