New Overtime Rules
The Department of Labor has released new overtime rules:
Beginning December 1, 2016, all employees meeting the requirement of salaried (not hourly) employees, must be paid overtime at a rate of one and one-half times their hourly rate for hours worked in excess of 40 hours unless their annual salary is greater than $47,476 or $913 per week. Please visit https://www.dol.gov/ for further information on this new law.
Important Update as of 11/22/16:
A federal judge in Texas put the brakes on the Department of Labor’s new federal overtime rule just 10 days before it was suppose to go into effect. To read the full article click here.