Episode Notes

What Is the Department of Labor's New Proposed Rule Regarding Overtime Compensation?

• Right now, if you're employing anyone who's salaried and not supervising someone and that person is making more than $35,000 a year, you don't have to pay that person overtime. 
• The Department of Labor is looking to change that and raise that salary limit up to $55,000 a year. 
• This means, anyone considered a non-exempt employee, that doesn't supervise others and is on salary can be making $55,000 a year. 
  • If they're making under that and they work over 40 hours in a week, you would need to pay them overtime at 1.5 times their hourly rate. 
• It's also important to make sure you're meeting with a labor attorney or an HR expert to discuss this overtime ruling. You want to make sure your employees are classified the right way.

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