New overtime rule looms with only 1 month to spare
from By Jessica Taylor
After giving businesses more than six months to prepare, the final Department of Labor rule change regarding overtime regulations will become effective Dec. 1, affecting more than 4.2 million workers. Currently, an employee making at least $23,660 per year can be classified as "exempt," thus preventing the opportunity for overtime pay. The adjustment would increase the threshold to $47,476. With only one month left, do you know how the law will impact you and your employees?
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