DOL Overtime Rule Change

On Sept 24th, the US Department of Labor (DOL) released a new rule, increasing the minimum salary level for exempt status to $35,568 per year for a full-time employee, effective January 1, 2020.
Read the full law, here: DOL Overtime Rule Change
The proposed rule creates the following changes:

The consequences of such a conversion can be serious for the unaware employer. Most employers do not track
hours worked by exempt employees.

For assistance in assessing whether employees are properly classified, reclassifying employees, or implementing a
compliant bonus or commission system, please contact Innovative Benefit Planning.

This Compliance communication is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

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