Winter Storm On The Horizon? New FSLA Overtime Rule January 1, 2020
Here we are at year end again. There’s a cluster of new laws that go into effect next month, but the biggest on the federal level is Fair Labor Standards Act ‘Overtime Rule’ which makes 1.3 million American workers newly eligible for overtime. The ‘Overtime Rule’ is a simple concept and has been sold as a benefit for the middle class – but if you are not ready for the change, it’s an unexpected dent in your labor budget. The Overtime Rule is an increase in the federally mandated minimum wage threshold for salaried employees. The ‘Overtime Rule’ updates the earning level necessary to exempt executive, administrative or professional employees from overtime requirements. The ‘Overtime Rule’ raises the standard salary …