New Overtime Laws Hit Dec. 1

This video explains some of the changes coming from the federal overtime laws.

"Right now, if a worker earns a salary of more than $23,660 a year they're exempt from earning overtime. If they earn less than that, they can be paid time and a half for every hour over 40 in a week. The big change is that threshold for an exempt employee is moving to $47,476 a year. That means if you earn less than that, you will be eligible for overtime pay if you work more than 40 hours a week. That change is coming December 1, 2016."

The Federal Dept. of Labor is being challenged by 20 states (see here).

"The new rule clarifies which workers qualify for an exemption and states that any worker who makes less than $47,476 per year or $913 per week is eligible for overtime if they work more than 40 hours per week, regardless of job title or description.
The DOL notes that the Fair Labor Standards Act (FLSA), under which the overtime pay protection rule falls, covers employees of enterprises that have an “annual gross volume of sales made, or business done,” of $500,000 or more. In addition, employees of certain entities are covered by the FLSA regardless of the gross volume of sales or business done."

Just thought you might need to know.