New Overtime Rule Proposed for Fall

(from Society of Human Resources Management) The U.S. Department of Labor (DOL) announced that its proposed overtime rule is now tentatively slated to be released in October. The proposed rule will recommend how to implement the exemption of bona fide executive, administrative and professional employees from the Fair Labor Standards Act's (FLSA's) minimum wage and overtime requirements. High on the DOL's list of priorities with the proposed overtime rule will be adjusting the salary level, possibly increasing it from its current annualized rate of $35,568, according to legal experts. It may be adjusted upwards of $10,000-30,000, or more. The DOL priorities may also consider an automatic annual or periodic increase to the salary level that is indexed to the consumer price index or another economic indicator so that the amount will increase without the DOL having to undertake formal rulemaking. And the DOL may consider a change of the duties test. 

More from Society of Human Resources Management