This policy was announced by the Department of Labor on 5/18/16. This is a federal rule that affects who gets overtime pay. Basically, all salaried employees earning less than $47,476 a year or $913 a week will be eligible for time-and-a-half overtime pay. This rule will be effective on 12/1/2016. You'll need to start tracking hours to ensure that your company is compliant with this new rule, see FLSA record keeping policy.
This rule applies to your company, if you have employees earning less than $47,476 a year or $913 a week. This applies to businesses in ALL states. This rule excludes teachers, doctors, lawyers and outside salespeople.
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