FLSA overtime update:
Getting ready for Jan 1
You probably remember when the US Department of Labor (DOL) raised the minimum salary employers must pay to most overtime-exempt employees in July from $35,568 to $43,888 a year.
Well, Phase Two of this big overtime rule is just around the corner. Another 3 million workers will be affected when the minimum salary goes up to $58,656 on January 1.
If your employees are among the 3 million, you’ve got a big decision to make. You’ll need to either raise their salaries, reorganize workloads, adjust work schedules or spread work hours to avoid paying overtime – or else face costly lawsuits.
Download the guide today
Is your organization ready to comply with Phase Two of the big overtime rule?
Make sure you’re ready for when these changes kick in January 1 with our complete guide breaking down the pros and cons for each approach to complying with the new rule, including:
Raising salaries
Increasing salaries to $58,656.
Paying overtime
For employees who work longer hours, this option could boost employee morale.
Reducing overtime
A strictly 40-hour work week.