The U.S. Department of Labor just delivered a juicy gift to compensation consultants: its final rule on overtime pay.
At the heart of the new rule lies the definition of who is exempt, and who is not. The rule says anyone paid more than $47,476 will now be considered exempt; those who fall below that number and work 40 hours a week must be paid time and a half overtime for all hours beyond 40 a week.
This instantly reclassifies millions of U.S. workers, notes the Society for Human Resource Management (SHRM) in an article on the new rule, presenting human resources managers with a whole new set of unwanted challenges.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
