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Rethink who earns overtime; feds rewrite rules

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in Leaders & Managers,Management Training

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 (FLSA) definitions of "exempt employees" (not eligible for overtime) and "nonexempt employees" (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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