Monday, July 6, 2015

That is SO last week

While many Americans were celebrating the country’s 239th birthday and preparing for an amazing World Cup victory, the U.S. Department of Labor issued its long awaited proposal for new Fair Labor Standards Act regulations.  Although the substance of the regulations has not changed significantly (yet), the salary basis for the “white collar” exemptions for administrative, executive, and professional employees more than doubled – from $23,660 to $50,400.  President Obama announced the change on the Huffington Post, stating “A hard day’s work deserves a fair day’s pay.”  The proposed regulations will require employers of up to five million workers to re-evaluate whether overtime must be paid.
Wage and Hour
Posted by  Kate Bischoff