The U.S. Department of Labor (DOL) recently released its long-awaited proposal to change overtime regulations under the Fair Labor Standards Act (FLSA). If the new regulations are adopted, the weekly salary threshold will increase from $455 to the current 40th percentile of weekly earnings for full-time salaried employees, or $970. These proposed changes could affect nearly 11 million workers. As an employer, here’s what you need to know.
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