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DOL's Overtime Rule Changes

Published on Nov 21, 2015

New rules to expand mandatory overtime pay under the Fair Labor Standards Act proposed by the Department of Labor. Once final, it would extend overtime protections to roughly 5 million workers.

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PRESENTATION OUTLINE

1.

DOL's Proposed Overtime Rule Changes

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2.

DOL Recommended

Changes to current overtime regulations of the FLSA
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3.

Fair Labor Standards Act

  • Originally passed in 1938
  • Guarantee employee minimum wage
  • Limit number of hours worked
  • Required additional compensation for additional hours worked
  • Salary requirements updated 7 times since 1938
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4.

DOL Directive

Modernize & Simplify FLSA's overtime regulation
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5.

Proposed Regulations

Addresses 5 employee exemptions
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6.

"White Collar" Exemptions

  • Executive
  • Administrative
  • Outside Sales
  • Professional
  • Computer
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7.

Proposed changes will increase the salary threshold employees must meet to qualify for overtime exemption

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8.

Current threshold:
$455/wk

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9.

Proposed threshold: $970/wk

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10.

The Effect

Estimated annual direct cost to employers
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11.

As much as . . .

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12.

$239 Million
(DOL)

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13.

$874 Million
(Oxford Ecomonics)

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14.

Also Included

To guard against future erosion of overtime pay
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15.

Automatic updates of salary threshold to keep pace with inflation

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16.

Timeline of Implementation

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17.

If you are a business owner and would like support navigating the proposed DOL overtime rule changes, contact Inspired Business Services

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