Although the Department of Labor’s new overtime rules were nearly a year in the making, companies have less than seven months to comply with some of the most dramatic changes ever made to the Fair Labor Standards Act. Employers must begin preparing now to bring their practices into compliance by the rules’ December 1, 2016 effective date.
Unless specifically exempted by the FLSA, employees must receive overtime pay for all hours worked in See more +
Although the Department of Labor’s new overtime rules were nearly a year in the making, companies have less than seven months to comply with some of the most dramatic changes ever made to the Fair Labor Standards Act. Employers must begin preparing now to bring their practices into compliance by the rules’ December 1, 2016 effective date.
Unless specifically exempted by the FLSA, employees must receive overtime pay for all hours worked in excess of 40 hours in a work week at a rate not less than 1.5 times their regular rate of pay. The new rules more than double the minimum salary required to qualify for most overtime exemptions. The DOL estimates that over 4 million additional employees will become eligible for overtime pay unless their salaries are increased to meet the new requirements.
During this webinar, attorneys from Pepper's Labor and Employment group presented the key facts regarding the revised regulations, what employers must do before the effective date of the new rules and what employers should be considering as a result of these changes. See less -