From Ancel Glink's labor and employment blog, The Workplace Report: The Department of Labor Issues New Rules on Employee Overtime Pay
The wait is over! The Department of Labor issued its highly anticipated new rules on employee overtime pay. The rules state that employees who make under $47,476 annually, which comes out to $913 a week, must be paid 1.5 times their regular hourly wage for working more than 40 hours in a week.
The DOL made no change to the rules governing the duties an employee must perform to be exempt from receiving overtime pay. An employee must still meet the Department's definition of being a professional, executive, or administrative employee to be exempt from receiving overtime pay.The new rules take effect on December 1, 2016. To read about the five things employers should do to get ready for the new overtime rules, click HERE.