You have less than thirty days. That is how much time employer’s (regardless of company size) have left to prepare for the Department of Labor’s new FLSA Overtime Rule. Key changes include increased salary threshold (from $23,660/year to $47,476/year) and intermittent increases every three years. The FLSA changes go into effect on Thursday, 12/1/16.
ARE YOU READY?
By this time, you should have already reviewed your employee census and determined which employee’s are affected (employee’s who are currently Exempt, but will not meet the new salary threshold), determined if you are increasing the salary to meet the new requirement or converting the employee to Non-Exempt, and communicated (or have a plan to) the changes to affected employees and supervisors.
If you feel that you are not ready for 12/1/16 or have questions, Sabeza HR is here to help. Please do not hesitate to contact me at [email protected] or 843-691-9092.