Major Overtime Rule Change Effective July 1 – What You Need To Know To Prepare Now
By: Rebecca GoldbergThe U.S. Department of Labor released its final rule, requiring minimum wage and overtime for some employees who are currently “exempt” from these requirements. Employers need to plan ahead for implementation, as the rule change could lead to seismic shifts in some payrolls. The federal Fair Labor Standards Act (“FLSA”) requires that employees receive minimum […]