The Department of Labor’s (DOL) proposed overtime regulations are one step closer to becoming a reality for the American workforce.
On March 14, 2016, the DOL submitted their final version of the regulations to the White House’s Office of Management and Budget (OMB) for review, signifying the last step in the regulation becoming law.
Once the rule is finalized, an estimated five million “exempt” workers will become eligible for overtime. Employers need not wait to prepare for the impending changes. You can and should be proactive in evaluating the impact of the new rules, engaging your finance team with budgeting for the changes, and training management at all levels
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