FLSA Changes to Over-Time Regulations
The Fair Labor Standards Act is making changes and we want you to stay on top of them! The full update can be viewed here.
What you need to know:
- This change will impact every business in one way or another
- Type of industry and size of a business does not matter or play a factor in these changes
- The current estimated impact that directly effects employees is around 11 million
Definitions to understand the terminology in the FLSA:
Exempt = Salaried (Example: Position makes $35,000/yr)
• Not Eligible for Over-Time
Non-Exempt = Hourly (Example: Position makes $16.82/hr)
• Eligible for Over-Time
Have more questions about how this impacts your business? Feel free to contact us or read the full report here.
April 15, 2016