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.
As a result, by Aug. 23, you'll need to analyze each white-collar position in your company to see how it fits under the new Fair Labor Standards Act ( ) definitions of " " (not eligible for overtime) and " " (eligible for overtime).
With these clearer rules, it will be simpler to decide who is due overtime and who is exempt, which should reduce your legal risks. Downside: You could be forced to shell out more overtime pay to lower-paid professional workers.
Here's a summary of the new rules. For details, access our E-visory report (see box at right).
Salary threshold raised to $23,660. Employees earning less than $23,660 annually (or $455 a week) now automatically q...(register to read more)
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