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DOL Issues New Proposal on Overtime Exemptions

AssuredPartners

The proposal would allow employers to use nondiscretionary bonuses and incentive payments (including commissions) that are paid annually or more frequently to satisfy up to 10 percent of the standard salary level. On November 22, 2016, however, a federal court ruled that the 2016 final rule was unenforceable.

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Overtime threshold rising to $35,568 on Jan. 1

Business Management Daily

The new threshold represents a 50% increase over the current threshold of $23,660, which was established in 2004. This rule brings a commonsense approach that offers consistency and certainty for employers as well as clarity and prosperity for American workers.”. The white-collar overtime threshold will increase to $35,568 on Jan.

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New DOL Overtime Regulations Effective January 1, 2020

AssuredPartners

The DOL believes that this update will help maintain the original purpose of the salary level test and will help employers more readily identify exempt employees. The DOL estimates this rule will transfer income from employers to employees in the form of wages by an annualized amount of $298.8 It is estimated that up to 1.3

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The 2016 #FLSA Overtime Changes: What #HR Needs to Know

HR Bartender

Even with the reduction from the initial proposal, this is still more than double what the minimum salary currently is under the 2004 regulations. There is one bit of good news for employers. That is, unlike before, employers now can include certain non-discretionary compensation toward the minimum salary.