Department of Labor New Overtime Rule
The US Department of Labor’s new overtime rules become effective December 1, 2016. The rule changes increase the salary threshold for exemption to $47,476 per year. Meaning if you have an employee making less than this amount who is currently exempt from being eligible for overtime, starting December 1 they would be entitled to overtime pay when they work in excess of 40 hours per week. MHI’s general counsel, Rick Robinson, has created a summary of the new rule, with practical applications and examples. We encourage all members to review MHI's "Department of Labor New Overtime Rule – Key Provisions for Your Business."