By Kate McGovern Tornone, Editor
David Weil, administrator of the U.S. Department of Labor’s Wage and Hour Division, told attendees at the Society for Human Resource Management’s annual conference that the new overtime regulations are here to stay.
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In May, DOL released much-anticipated overtime regulations, setting its Fair Labor Standards Act salary threshold for overtime exemption at $913 per week. The threshold amounts to $47,476 annually, up from $23,660. The final rule takes effect December 1, 2016.
Stakeholders and legislators have promised to fight the rule through several avenues. SHRM itself has urged lawmakers to pass a bill that would void the rules.
Weil, however, told the audience at SHRM that the rule is here to stay. The changes will stand the test of time and be around for more than just the next few years, he said, specifically referencing the salary threshold and its planned increases. Let’s “get over the phase of fighting,” he said at a conference session in Washington, D.C., June 19.