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The long-awaited overtime rule: What employers need to know right now

from HRDive

The details have been hammered out. The Office of Management and Budgeting has collected the feedback, reportedly among the most ever given. Now, the curtain is ready to rise. Within a few days, so the rumors go, the Department of Labor will unveil a new rule (only the second in more than 40 years) that will raise the minimum salary an employer must provide to avoid having to pay overtime to executive, administrative and professional employees. Many if not most U.S. employers will need to figure out exactly how they are going to handle the new overtime rules, which effectively will raise the exempt (overtime no) vs. non-exempt (overtime yes) threshold from the current $23,660 annually to somewhere between $45,000 and $50,400. more

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