With the recruiting market running so tightly, employers will want to be ever more creative in sourcing candidates. Our recent installment looked at ways organizations can continue to attract top talent in a tight hiring market. However, there’s another potentially untapped pool of candidates that hasn’t been addressed yet,... more
The Department of Labor released their much-anticipated changes to the FLSA overtime exemption rules last month. If you didn’t catch the changes that are coming, then here are the basics of what managers need to know now.
What’s changing and when?This latest change updates the minimum salary level required for exemption from $23,660 annually to $47,476. Allows for a portion of bonuses, incentives and commissions to be counted toward (up to 10%) the minimum salary requirements, provided bonuses are paid on a quarterly or more frequent basis. Sets total annual compensation for highly compensated employees subject to minimal duties test (link) at 134,004. Changes are to be in place by December 1st, 2016 to be in compliance. Establishes a mechanism for automatically updating salary and compensation levels every three years beginning in 2020.
What doesn’t change?The duties test for exemption. The same exemptions definitions are in place Employers will still need to make sure that the... more