Legally Speaking-New Overtime Rules

August 23 came and went leaving employers with new wage-hour regulations and a bunch of unanswered questions. Many interest groups either claimed that your employees would lose or gain overtime with the new regulations. The true story is that very few are affected one way or the other, but many employers are catching on that they have not been following basic wage-hour laws for years. Here is some of what you need to know.

The new law primarily deals with 3 groups of employees previously exempted from overtime – the “white collar” employees – executives, administratives and professionals. These groups still are exempt from overtime if they meet the new requirements which are much like the old ones but the employee must now earn at least $455 per week [$23,660 yr.] Each category of employees must have certain duties and responsibilities as well to qualify for the exemption. You need to get the check list and determine if your white collar employees still meet the tests – chances are they do...