On May 17, 2016, the Department of Labor issued new employee classification regulations for all employers with one or more paid employee. The changes increase the salary threshold for employees who can be classified as "exempt" — and are therefore not eligible for overtime — from $455/week ($23,660 annually) to $913/week ($47,476 annually). As a result, affected employers must either increase employee salaries to avoid having to calculate and pay overtime — or reclassify them as “hourly” and pay them for any overtime they earn.
If you're like most employers, you have a lot of questions about the new rules, which take effect December 1, 2016. Join us for a complimentary webinar to review the latest developments and what they mean for your business. Employment law attorney, Ashley H. Kaplan, Esq. explains the changes and the proper, legal steps you need to take in your workplace.