On May 18, 2016, the DOL announced updates to the FLSA white collar overtime exemption. The new regulations increase the salary threshold to qualify for overtime exemption from $23,600 per year to $47,476 per year. The law goes into effect December 1, 2016.
Input your employee’s current salary and how many hours per week he or she works to view various possible calculations regarding your employee’s new annual wage under the law.
The information provided is for informational purposes only to help with calculation outcomes regarding your employee’s potential new annual wage under the law.