The deadline is approaching for businesses to comply with a U.S. Department of Labor (DOL) rule change governing overtime regulations, which will require businesses to extend overtime protections to an estimated 4.2 million workers.
The amendment to minimum wage and overtime regulations under the Fair Labor Standards Act will go into effect Dec. 1, lifting long-standing exemptions and raising the pay threshold from $23,660 annually to $47,476.
Much like with any other major change, business owners will need to ensure they're prepared to handle the transition. Currently, there is legislation in the U.S. senate that is aimed at delaying the implementation of the start date; however, owners need to make sure they're following the law by Dec. 1.
ORA has a video of our Town Hall with Dickinson Wright labor attorney Sara Jodka that tells you everything you need to consider to make sure you're in compliance with federal regulations by the deadline. To view the video on our CONNECT site, use your ORA website log-in and password.
Click here for an article by ORA Strategic Partner, Heartland.