The New Overtime Payment Rules, How Will You Comply

Smithmoore84925 Jul, 2022Education

Overtime Payment rules are nothing new. We know that certain employees must be paid overtime rates when working more than forty hours per week. Other workers are not subject to overtime rules. What is very possibly changing, however, is the Department of Labor?s salary basis that contributes to the delineation between these groups. Currently, exemptions for workers of overtime rates under the Fair Labor Standards Act include an earnings threshold of not less than $684/week. While it is difficult to determine how much the DOL will raise this amount, discussions in the highest levels of government just a few years ago attempted to increase the threshold to $921/week. At the time, this would have made an additional 4.2 million employees eligible for overtime.