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Fewer Employees Will Qualify as Exempt From Federal Overtime Laws Under New Rule

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.┬áThe 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….

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Department of Labor Proposes New Overtime Rules

Department of Labor Proposes New Overtime Rules

Earlier this month, the Department of Labor announced its plans to establish a new rule that would allow millions of additional workers to earn overtime. Following an executive order by President Obama, who has advocated for increasing the wages of middle-class workers, the Department of Labor has proposed a rule that would increase the minimum salary necessary for a worker to qualify as exempt from the overtime rules. Under the federal Fair Labor Standards Act, all employees must receive overtime…

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