In 2016, the Department of Labor’s (DOL) is proposing to raise the current salary limit for exempt employees from $455 a week to $970 a week. Because Congress is the only one that can raise the federal minimum wage, the DOL is effectively circumventing them by increasing the number of employees that are eligible to receive overtime pay.
While most bills that move through government are slow to progress, this one isn’t too complicated, so it’s expected that the DOL will be able to push this one through pretty quickly. Because of this, it’s important that you start assessing the impact to your company now so that you can stay compliant with as little disruption to your day-to-day operations as possible. ……… Read More >>