For nearly 3 years, an update to the overtime pay rule was held up in court battles, but we may finally have a resolution. The update sought to increase the minimum salary threshold of workers that are exempt from being paid overtime pay for any overs worked over the traditional 40 hour work week.
Read moreHow New DOL Overtime Rules Would Affect Construction Workers and Company Owners
The U.S. Department of labor has proposed an update to the Fair Labor Standards Act’s minimum wage policy that would affect nearly 5 million workers in 2016. The purpose of the policy is to require employers to pay their employees overtime rates for any hours worked over 40 per week.
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