FLSA Overtime
Effective December 1, 2016, the new overtime rule will increase the minimum salary level for exempt employees from $455 per week ($23,660 annually) to $921 per week ($47,892 annually). The new salary level is based upon the 40th percentile of weekly earnings of full-time salaried workers in the lowest wage region of the country, which is currently the South. The new overtime rule also establishes an automatic updating mechanism that adjusts the minimum salary level every three (3) years. The first automatic increase will occur on January 1, 2020. Proposed New Overtime Rules If you make less than $921 per week or $47,892 per year, even if your primary job duties are executive, administrative, or professional duties (“white collar exemptions”), you are still entitled to overtime pay under the proposed new overtime rules. It is important to…Read More