So the Final Wage and Hour Regulations Were Released. Now What Do We Do?
On November 30, 2016, the minimum salary requirement to qualify as an exempt employee will be $455 per week. On December 1, 2016, the very next day, the minimum salary thresholds will more than double to $913 per week. We have more than six months to get this is order. At least this is better than the 60 days that was projected. Whew!! Take a sigh of relief. That’s all the time you get – time to get to work. A lot more to consider than just changing pay practices This chan
The Wage and Hour Proposed Changes May Have Drastic Consequences to Your Business Model
The Wage and Hour Proposed Changes May Have Drastic Consequences to Your Business Model In July of last year, the Wage and Hour Division of the Department of Labor issued proposed changes to the Salary Level needed to qualify as an exempt employee. For those who are unfamiliar with the term exempt, it means positions that are exempt from being paid overtime pay. These positions are also referred to as salaried positions. The current minimum salary level is $455 a week or $23,
