The U.S. Department of Labor (DOL) rule on overtime is finalized and goes into effect on December 1, 2016. Earlier this year, I provided you with background information on the DOL's proposal to update the regulations governing the Fair Labor Standard Act’s (FLSA) minimum wage and overtime pay protections and the likely impacts of this proposal to your business. HERE'S WHAT YOU NEED TO KNOW (the main provisions of the new overtime rule): 1. The salary threshold for an executive, administrative, and professional employee exemption (white collar workers) is $47,476.00. The current threshold is $23,660.00 (updated last in 2004). The new level is based on the 40th percentile of weekly earnings
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