{"id":3844,"date":"2016-05-18T10:34:39","date_gmt":"2016-05-18T14:34:39","guid":{"rendered":"https:\/\/gtm.com\/business\/?p=3844"},"modified":"2021-03-27T16:07:25","modified_gmt":"2021-03-27T20:07:25","slug":"flsa-overtime-rule-announced","status":"publish","type":"post","link":"https:\/\/gtm.com\/business\/flsa-overtime-rule-announced\/","title":{"rendered":"FLSA Overtime Rule Announced"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3846 size-large\" src=\"https:\/\/gtm.com\/business\/wp-content\/uploads\/business-world-541431_1280-1024x724.jpg\" alt=\"flsa overtime rule announced\" width=\"1024\" height=\"724\" srcset=\"https:\/\/gtm.com\/business\/wp-content\/uploads\/business-world-541431_1280-1024x724.jpg 1024w, https:\/\/gtm.com\/business\/wp-content\/uploads\/business-world-541431_1280-300x212.jpg 300w, https:\/\/gtm.com\/business\/wp-content\/uploads\/business-world-541431_1280-400x284.jpg 400w, https:\/\/gtm.com\/business\/wp-content\/uploads\/business-world-541431_1280-1080x764.jpg 1080w, https:\/\/gtm.com\/business\/wp-content\/uploads\/business-world-541431_1280.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>Today, the White House and the Department of Labor <a href=\"https:\/\/www.dol.gov\/agencies\/whd\/overtime\/2019\/index\">announced the publication of the final rule<\/a> of the FLSA overtime exemption, also known as the &#8220;white collar exemption.&#8221; As we have been discussing in previous posts, this new rule dramatically raises the salary threshold for exempt workers to be eligible for overtime pay. The new law will take effect December 1, 2016, giving employers over 6 months to prepare and comply.<\/p>\n<p>Specifically, the final FLSA overtime rule announced today will:<\/p>\n<ul>\n<li>Raise the salary eligibility threshold from $23,000 to $47,476 per year (or from $455\/week to $913\/week)<\/li>\n<li>Provide automatic updates to the salary threshold every three years (beginning on January 1,\u00a02020), based on wage growth over time<\/li>\n<li>Raise the &#8220;highly compensated&#8221; employee minimum salary to\u00a0$134,004 to qualify for exemption<\/li>\n<\/ul>\n<p>Make sure you review our helpful <a href=\"https:\/\/gtm.com\/business\/4-steps-for-deciding-how-to-handle-flsa-changes\/\" target=\"_blank\" rel=\"noopener noreferrer\">Decision-Making Guide<\/a> and our <a href=\"https:\/\/gtm.com\/business\/flsa-exemption-implementation\/\" target=\"_blank\" rel=\"noopener noreferrer\">Implementation Guide<\/a> to help you prepare for these changes, and <a href=\"https:\/\/gtm.com\/business\/contact-gtm\/\" target=\"_blank\" rel=\"noopener noreferrer\">contact us<\/a> for more information at (518) 373-4111.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FLSA overtime rule was announced today, raising the salary threshold to $47,476 as the minimum pay to qualify as exempt from overtime laws. Employers should begin preparing now to comply with the law, as it takes effect on December 1st of this year.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[232],"tags":[5,34,54,14],"post_folder":[],"class_list":["post-3844","post","type-post","status-publish","format-standard","hentry","category-gtm-biz-blog-isolved","tag-department-of-labor","tag-flsa","tag-overtime","tag-pay-rate"],"_links":{"self":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/3844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/comments?post=3844"}],"version-history":[{"count":5,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/3844\/revisions"}],"predecessor-version":[{"id":8333,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/3844\/revisions\/8333"}],"wp:attachment":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/media?parent=3844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/categories?post=3844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/tags?post=3844"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/post_folder?post=3844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}