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ARTICLE · 17 MAY 2016

Get Ready Now For New Overtime Rules

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

Frankfurt Kurnit Klein & Selz PC

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Labor Standards Act ("FLSA") rules in a way that would impact the overtime exemptions of millions of employees nationwide.

United StatesEmployment and HR
Wendy Stryker
Wendy Stryker
Gavin D. McElroy
Gavin D. McElroy
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Important changes to federal overtime rules are right around the corner. The changes will significantly increase the salary basis threshold for the so-called "white collar" overtime exemptions, raising the pay for millions of workers. The new rules, expected shortly, will present challenges for employers ---- particularly employers in the media, entertainment, advertising and hospitality industries, where lower wages can be common for skilled work. Here's a closer look and some steps to take to help bring your company into compliance.

Background

On March 13, 2014, President Obama directed the Department of Labor ("DOL") to update Fair Labor Standards Act ("FLSA") rules in a way that would impact the overtime exemptions of millions of employees nationwide. DOL issued a draft rule in July 2015, and after a public comment period, sent the draft rule to the U.S. Office of Management and Budget this past March. The final rule is expected to be published this month and

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