New Overtime Law Goes into Effect on December 1st
Business owners are scrambling to learn the details about the new overtime law which goes into effect on December 1st.
How was this change made? The Department of Labor issued this statement:
On March 13, 2014, President Obama signed a Presidential Memorandum directing the Department to update and modernize the regulations defining which white collar workers are protected by the FLSA's minimum wage and overtime standards. The salary level test is supposed to help identify salaried workers who are entitled to overtime pay when they work long hours. The current salary level is outdated and no longer does its job of helping to separate salaried white collar employees who should get overtime pay for working extra hours from those who should be exempt. Through this Final Rule, the Department is updating these regulations to ensure that the FLSA's intended overtime protections are fully implemented, and to simplify the identification of overtime-eligible workers, thus making the exemption easier for employers and workers to understand and apply. These revisions will also help ensure that in the future the regulations continue to appropriately separate workers who are entitled to overtime protections and those who may be exempt.
The Bossier Chamber of Commerce is hosting an informational session Wednesday morning to give details about the changes. The gathering is at 7:30 at the Hilton Garden Inn in Bossier City. It's $25 to attend this event.
Labor and Employment Attorney Price Barker will break down what you need to know to comply with the new Overtime Rule.
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