By 2016, likely every business and every industry will be affected by the proposed changes to the overtime laws in the Fair Labor Standards Act (FLSA). In fact, according to the Department of Labor, 11 million employees will be impacted. Though not all these changes are necessarily negative, depending on your business, you need to be sure you are prepared when the time comes. Some of the changes include:
- An increase in the salary level which will likely include regular, scheduled increases
- Changes to highly compensated employees
- Modifications that may affect local and state laws
- Reclassification of employees from exempt to non-exempt status
For more details on these proposed overtime law changes, view the official notice. Of course as we hear more information, we will keep our client’s up-to-date on all the final changes.