Home Health & Hospice Week
Industry Notes:
DOL Proposed Rule Could Cost You In Overtime
Published on Fri Aug 07, 2015
Watch out for how a new overtime law proposal could affect your compensation budget. The U.S. Department of Labor wants to raise the salary threshold for overtime exemptions from the current $23,660 to $50,440, it says in a July 6 proposed rule.
In 1975, 62 percent of full-time salaried workers, including a majority of college graduates, were eligible for OT, the White House notes in a release. Today 8 percent of full-time salaried workers fall below the current salary threshold.
The DOL also proposed automatic updates to the salary threshold. See links to the proposal and other materials at www.dol.gov/whd/overtime/NPRM2015. The DOL will accept comments on the rule until Sept. 4.
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Home Health & Hospice Week
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DOL Proposed Rule Could Cost You In Overtime
Watch out for how a new overtime law proposal could affect your compensation budget. The [...]
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