On May 23, 2016, the Department of Labor (DOL) published the final rule colloquially termed the “Overtime Rule” as part of the Fair Labor Standards Act (FLSA). The new rule raises the salary threshold for overtime exempt workers to $47,476 per year, requiring salaried employees paid less than this amount to be paid for overtime work regardless of their work classification. The new rule raised the threshold from $23,660 per year, broadening the scope of salaried employees entitled to overtime pay by 4.2 million workers. Click here to read the full article.
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