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Salary Threshold Increase December 1, 2016

Currently, the threshold for which salaried workers are entitled to overtime is $455 per week (or $23,660 for a full-year worker), but this will be increasing DECEMBER 1ST, 2016 to $913 per week (or $47,476 for a full-year worker). Make sure you are compliant and if not, make the necessary adjustments to ensure you are. In addition to the change in threshold, the final rule also will:

-Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability.

-Strengthen overtime protections for salaried workers already entitled to over time

-Provide greater clarity for workers and employers

October 2016
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