SCORE

The long-awaited Dept. of Labor regulations have been finalized.  You and your employees may hear about them in the news this week. If you have EXEMPT employees (i.e. salaried) who make less than $47,476 per /year, you may be affected and need to make changes in pay and/or overtime practices.  Millions of employees of small business owners will be eligible for overtime wages. The criteria for employees to qualify for salary status has changed in a significant way.

Click here for more information from the Department of Labor about these changes.

The good news is that there are several options small business owners can consider to be compliant but not break the bank.  Regardless of the wage level, there were no changes to the duties tests which also must be met for salary status. There are also special provisions for non-profits and government agencies… And business owners.

About the Author

Cherylann Occhipinti Campbell is the owner/advisor of C2HRSolutions LLC, a local human resources and training company serving small and mid-size businesses in Central Texas. Check out Cherylann’s HR101 series offered by SCORE and contact her for expertise to handle your challenging employee matters.  www.c2hrsolutions.com or 512.517.7589.

Key Topics

Overtime rule changes: More employees eligible