What is Final Rule: Overtime?

The new overtime rule starts on 12/1/2016



What is the Final Rule all about?


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.


Does Final Rule apply to me?


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.


What are my options?



Key stats





source: DOL


How do I keep track of employee hours?


IDEAblox Time Clock has a simple way for employees to clock in & out. Over 250 businesses use it on a daily basis. Try the 30 days free trial to see if it works well for you.