The US Department of Labor has announced a new salary basis rule. Under the new rule, employees must receive a salary of $47,476 per year ($913/week) in order to meet the threshold test for exemption from overtime. The new rule will take effect on December 1, 2016. This is a good time to make sure your “exempt” employees are properly classified, as well as meeting the salary threshold.
Contact one of our PRH attorneys for help and any questions you may have.