As seen in Today’s Restaurant News – Florida Edition – Volume 20
In an article published in the October issue of Today’s Restaurant News Florida, Alicia Koepke provides insight on the new criteria surrounding the upcoming Department of Labor overtime requirements that go into effect December 1, barring any delay from current challenges to extend the effective date or change the rule. The final rule, which was announced in May, more than doubles the minimum salary required to remain exempt from overtime pay from $23,660 to $47,476. Further, this threshold will continue to change every three years to match the “40th percentile of weekly earnings of full-time non-hourly workers in the lowest wage Census Region.”
To prepare for these changes, Koepke offers a few options that employers can consider, including:
- Increasing employees’ salaries so that employees remain exempt;
- Reclassifying employees as non-exempt;
- Limiting the number of hours non-exempt employees work; and/or,
- Hiring additional employees to minimize overtime expenses.
For the full article, please click here.
