By Susan Prince, JD
The Department of Labor’s (DOL) final overtime regulations are due out anytime within the next few months. Here are 10 steps employers should take now to prepare for the release of the final regulations.
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(1) Familiarize yourself with the proposed regulations.
The DOL has proposed to increase the salary level for exemption from overtime to $921 per week, from the current salary threshold of $455 per week. The DOL also proposes to set the total annual compensation level for highly compensated employees (HCEs) at $122,148 per year…
The DOL proposes to automatically update the standard salary and compensation levels annually either by maintaining the levels at a fixed percentile of earnings or by updating the amounts based on changes in the Consumer Price Index for All Urban Consumers (CPI-U). This would raise the salary threshold to about $970 a week ($50,440 a year) in 2016.
(2) Review your job descriptions now
Determine whether your job descriptions are still accurate, reflect the jobs being performed, and reflect the skills necessary to perform the job. Review employees’ actual job duties to ensure that they still fall within the administrative, executive, professional, computer, or outside sales exemptions.
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