It’s Here: New Federal Overtime Rule

This week, the U.S. Department of Labor (DOL) announced a final rule to make 1.3 million workers newly eligible for overtime pay. This rule updates the earnings thresholds necessary to exempt executive, administrative, and professional employees from minimum wage and overtime pay requirements. It also allows employers to count a portion of certain bonuses/commissions towards meeting the salary level.

According to DOL’s fact sheet, under the new rule, the “standard salary level” is increased from $455 per week to $684 per week (equivalent to $35,568 per year for a full-year worker).

See summaries from OMA Connections Partners Clark Schaefer Hackett; Roetzel & Andress; Calfee; and Frantz Ward. 9/24/2017