A couple of weeks ago the United States Department of Labor (DOL) rendered its final decision as to overtime rules. The new rule, which will be effective as of December 1st of this year, will increase the overtime eligibility for millions of Americans under the Fair Labor Standards Act (FLSA). Though the new rule is expected to cause in increase in cost to employers, many are hopeful that there will be long term savings for employers based on increased retention rates and less attrition.

“The Final Rule becomes effective December 1, 2016; this gives employers approximately six months to implement the changes necessitated by the updated regulations.” – David, 24 Hour Video Monitoring

The DOL did allow for employers to opt out of making overtime payments, provided they are able to meet the following criteria:

The employee must be paid a constant, fixed salary
The salary must be at or above the minimum salary level
The employee’s primary responsibilities must be in line with the work often associated with executive, administrative, professional, or computer employees
To learn more about the recent ruling rendered by the Department of Labor please visit this source article: https://www.zanebenefits.com/blog/department-of-labor-issues-final-overtime-flsa-rules