The Department of Labor increases salary requirements for overtime
The Department of Labor’s (DOL) final rule, issued this week, increases minimum salary requirements for overtime exemptions to $47,476 a year, or $913 per week. The rule will take effect December 1, 2016. The new overtime rule will: Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year), ensuring protections to 4.2 […]