The FLSA Overtime Rule has been delayed indefinitely. Please see our updated information.
Businesses of all sizes must comply.
Here’s what you should know
The Department of Labor under the Fair Labor Standards Act (FLSA) has released new regulations regarding overtime compensation set to go into effect on December 1, 2016. Management, administrative and professional employees earning up to $47,476 must be paid overtime at a rate of one-half for all hours over 40 worked each week. All businesses need to comply regardless of size, location or entity type. Only a few industries are exempt.
Take Action Now
This is a complicated matter that requires thoughtful planning and advanced notice to employees of what could be significant changes to their daily routines and pay structure. We can help you get your arms around the issue and develop a plan for becoming and staying compliant while reining in costs as much as possible.
An Employee Audit will identify the positions that will be subject to the new rule, estimate the financial impact on your business, recommend tracking tools to meet the reporting requirements, and provide options and guidance on what you can do to manage your labor costs.
Commonwealth FLSA Overtime Resources
- View the FLSA webinar slides that explains the big picture and nuanced features of this rule and how companies can respond.
- FLSA Overtime Infographic with Rules and a Preparation Checklist
- Read more about the FLSA Overtime Features in iSolved
- 26 page Fact Book on Implementing the FLSA Overtime Changes