Are you working overtime preparing for the new labor rules?
The U.S. Department of Labor updated the rules for paying
overtime, and the changes take effect December 1, 2016. Under the new rules,
salaried employees who earn less than $913 per week ($47,476 per year) will be
eligible for overtime pay. That's double the annual exempt amount of $23,660
under current rules. Begin reviewing your payroll policies now to avoid
penalties and fines for noncompliance. One important step is to start tracking
hours for your salaried employees.
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