Fewer Employees Will Qualify as Exempt From Federal Overtime Laws Under New Rule
Last summer, the Department of Labor (DOL) issued a proposed rule that would increase the minimum salary requirement for workers to qualify as exempt from federal overtime rules. The DOL recently finalized the rule, which will go into effect on December 1, 2016. The DOL estimates that 4.2 million workers will now be eligible for overtime pay as a result of the changes. Federal law requires employers to pay employees time-and-a-half when they work more than 40 hours in a workweek….