May 25, 2016

How to take advantage of the new overtime rules

How to take advantage of the new overtime rules If you’re a salaried employee, you could be getting a pay raise thanks to new law set to go into effect in December of this year. The Department of Labor recently bumped the threshold for overtime pay. Let’s take a look at those changes and see what you can do to take advantage of them. The new law sets the base salary for exempt employees at $47,476…an increase of $23,816. Before an employer could keep from paying overtime if the salaried employee made $455 a week, now that number is $913. That means employers will either have to increase salaries, start paying overtime if a salaried worker is under this mark or make sure employees don’t go over 40 hours. With these new rules you may be entitled to a bigger paycheck… either with a salary increase or overtime hours, meaning […]