This fall, the Department of Labor ruled to raise the annual salary threshold to $35,568 from $23,660 for executive, administrative and professional employees effective Jan. 1, 2020. Which means, if you haven’t made changes already, you could be in for a shock in the new year.
- More about the rule from the Society for Human Resource Management: https://www.shrm.org/resourcesandtools/legal-and-compliance/employment-law/pages/labor-department-issues-final-federal-overtime-rule.aspx
- Three tips on getting compliant from iSolved: http://blog.isolvedhcm.com/three-tips-to-get-compliant-with-new-overtime-requirements