The new overtime regulations under the Fair Labor Standards Act’s “White-Collar Exemptions” will be effective Dec. 1, 2016, barring action on recently proposed legislation and recently filed lawsuits. The minimum salary necessary for an employee to qualify for exemption from overtime will be $913/week or $47,476/year, and will increase every three years.
Appropriate business planning requires employers to understand the math and associated costs to inform decision-making and achieve compliance.
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