Overtime Exemption Rules
The Department of Labor has finalized regulations under the Fair Labor Standards Act which will effect “white collar” overtime exemption effective 12-1-16. Several states have filed suit in protest, (including Ohio), but until a federal ruling comes down, Ohio companies will need to be in compliance with the new regulations.
Salaried employees earning more than $455wk/$23,600yr but not more than $913wk/$47,476yr. (previously not paid overtime).
Determining which employees are effected will be time consuming, as will tracking hours and finding a cost effective method for doing so. Preplanning with the aid of your payroll processor and discussions with your employees will greatly help in compliance and cost savings.
Call our office if you have any questions about the new regulations.