Proposed Changes To Overtime Exemption Rules Will Increase Your Payroll Expenses in 2016

pulling timeActing at the direction of President Obama to update Federal wage and hour regulations, the Department Of Labor (“DOL”) has proposed new rules governing overtime exemptions for so-called “white collar” employees. The DOL has the legal authority to make and enforce these changes independently; no Congressional review or approval is needed. Once the new rules take effect in 2016, they will significantly increase employees’ overtime earnings and the associated payroll expense to businesses.

Read full article here:  December 2015 – Overtime Pay