President Obama is proposing changes to the overtime wage law. Currently, any salaried worker earning less than $23,660 must receive time-and-a-half overtime pay when working more than 40 hours per week. The proposed changes would increase that earnings threshold to $50,440, causing millions more workers to be eligible for overtime pay. The new legislation would be effective in 2016. Stay tuned for Department of Labor updates and how this could impact your organization’s employee compensation.
July 1, 2015