Labor unveils final overtime rules: What now? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Labor unveils final overtime rules: What now?

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in HR Management,Human Resources,Leaders & Managers,Management Training

Issue: The Labor Department has finalized rules that redefine which employees are eligible for overtime pay.

Benefit/risks: Clearer rules should cut your misclassification risks, but you face a steep learning curve, and possibly, higher overtime costs.

Action: Take steps to ready your organization for the changes the new rules will demand.

The long wait is over. Now, it's time for you to act.

More than a year after proposing changes to the rules that define which employees are eligible for overtime pay, the Labor Department has issued final rules effecting those changes.

As a result, by this August, you'll need to analyze each white-collar position in your organization to see how it fits under the new Fair Labor Standards Act (FLSA) definitions of "exempt employees" (not eligible for overtime) and "nonexempt employees" (eligible for overtime).

What changed? Labor redefined the "salary test" and the n...(register to read more)

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