The Department of Labor (DOL) came out with its new final rules that take effect on December 1, 2016. The rules will significantly raise the salary level used to determine whether employees are eligible for overtime and will affect more than 4 million salaried employees.
Under the new rule, the wage threshold test is more than doubling from today’s $23,660 to $47,476, to be adjusted every three years. Employees earning less than $47,476, regardless of their job responsibilities, are deemed non-exempt, and therefore entitled to overtime pay.
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