Remove 2004 Remove Deductible Remove Employment Remove Salary
article thumbnail

Proposed 2015 DOL Overtime Rule Change: What #HR Needs to Know

HR Bartender

The overtime rule changes are significant and fall into two categories: salary basis and primary duties test. Today we’re going to cover the salary basis part of the proposal. What are the changes being proposed to the minimum salary? Jonathan] Currently, the minimum salary is $455 per week for most white collar positions.

Overtime 152
article thumbnail

Expert Q&A: Understanding the DOL’s Overtime Rules

HR Digest

Under the new proposal, people earning a salary level of $679 for 40 hours per week (about $35,308 annually), will be eligible for overtime pay based on varied duties. This threshold has been raised from the previous limit of $455 per week of 40 hours, which was set in 2004. The overtime rules went into effect on January 1, 2020.