Thank you for sharing!

Your article was successfully shared with the contacts you provided.
On Dec. 1, the DOL's rule will give overtime to a DOL-estimated 4 million new workers. (Photo: Mike Scarcella, ALM)

On December 1, 2016, the salary threshold for overtime pay is set to nearly double from $23,660 to $47,476, by way of the Fair Labor Standards Act. For business owners, this means salaried employees earning less than $47,476 will now need to be paid overtime for any time worked over 40 hours in a given week. This is no small change, and small business owners in particular are poised to be hit hard by these new regulations. 


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.