The Department of Labor’s new rule regarding the overtime provisions of the Fair Labor Standards Act will go into effect Dec. 1, which the DOL projects will impact 4.2 million workers across the country.
This rule will impose a substantial increase in the minimum annual salary that must be paid to employees to qualify for certain exemptions from the FLSA’s overtime pay protections from $23,660 to $47,476.
Small and midsize businesses in particular will feel the fallout from the change, as classifying and managing employees becomes much harder.
