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, [...]