To address what some consider to be low paid managers missing out on overtime earnings when they work more than 40 hours in a week, the Obama Administration through the U.S. Department of Labor (DOL) has proposed to significantly increase the salary threshold for the executive, administrative, and professional exemptions to overtime. The latest word from DOL is that implementing changes in the regulations will be finalized by July 2016 and will take effect 60 days later sometime around September 2016. Is your company ready for these changes?
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