Tag Archives: Fair Labor Standards Act

New Overtime Rules: What to Know and How to Prepare

Reprinted from AIA KnowledgeNet
By
ANGLE Staff  05-26-2016 19:11

Earlier this year we highlighted a proposed rule that would expand the pool of workers who qualify for overtime pay, and discussed its wide-reaching impact on American businesses. Finally, after months of deliberation, the Department of Labor has released the final version of its long-awaited overtime rule. Below we’ll tell you everything you need to know about what to expect, as well as how to prepare for the changes.

 

How is overtime currently mandated? 

The Fair Labor Standards Act (FLSA) of 1938 ensures that all salaried workers are guaranteed overtime pay at time and a half for any hours worked beyond the standard 40-hour workweek. The main aspect of the FLSA is its salary threshold, which says that every employee making under $23,660 annually must be paid overtime (this number has been

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