Team of Executives helping to re-open Austin’s Economy. Check out what we’re doing!

back to resource guides

Overtime for Salaried Workers

Possible Changes Employers Need to Know

 

More than four million white collar jobs may be transformed in 2017 as the U.S. Department of Labor’s (DOL) annual salary threshold for overtime pay could double from $23,660 (current threshold) to $47,476. The rule was to go into effect December 1, 2016, but has been temporarily sidelined by an injunction brought on by a court in Texas.

Whatever your reaction, it’s hard to argue change is inevitable when it comes to staffing your business. In 1975, more than 60 percent of salaried workers were eligible for overtime. Today, less than eight percent of full-time salaried workers are covered by the same regulations.

Download Overtime for Salaried Workers: What Employers Need to Know for a general overview of the proposed changes. To determine how the rules may or may not apply to your company, consult an employment law or human resources specialist.