Come New Year’s Day, some employees are getting a raise, some will start taking home overtime, and others will be taking the boss to court. Any way you slice this, employers will be footing the bill.
What’s happened? On Tuesday, the U.S. Department of Labor announced that its long-anticipated rule on overtime exemptions would go into effect on Jan. 1. There are no surprises here. The rule was proposed in final form back in March, and it had been known for a long time before that how it was likely to turn out. All that was missing was the effective date, and now that has been announced.
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