May 23, 2016
May 2016:- The federal Department of Labor has decided that from December 1, 2016, employers will have to pay overtime to salaried employees who earn up to $47,476.00 annually. The current threshold is half that: $23,660.00. Is the administration’s goal to shift more workers from salary to hourly, or is that just a likely byproduct? In the words of English rock legends* XTC:
I’ve got one, two, three, four, five, senses working overtime,
Trying to take this all in.
For small business-owners wondering what the overtime rule will mean for them, click here for a brief guide from the NFIB.
* The word “legends” may exaggerate the band’s significance somewhat, I admit. Perhaps “most legendary 80s band from Swindon” would be fairer.