Changes to the DOL’s FLSA Overtime Exemptions are Coming Soon
For the past year, employers and human resource professionals have been on the lookout for changes to the Department of Labor’s overtime regulations. On May 5, 2015, Secretary of Labor Tom Perez announced that a proposed rule has been submitted to the Office of Management and Budget for review. After the OMB completes its review, the proposed rule will be published for public review and comments. Among other things, we expect the proposed rule to increase the salary basis requirement for the “white collar” exemptions. (The salary basis requirement is currently $455 per week.) Employers looking to address the changes to the overtime exemptions should make sure they have experienced employment law counsel to provide advice on the changes.