Overtime Change Cost Calculator
On May 18, 2016, the Department of Labor announced the final rule on the changes to overtime exemptions that have been discussed for almost a year. The new rule requires that employees who make under $47,476 annually are to be paid overtime for any hours worked over 40 in a week, even if they are considered an executive, administrative, or professional-level employee under the Fair Labor Standards Act.
Employers have a lot of questions about what this means for their organization. This Overtime Change Cost Calculator will help you determine the impact to your company.