White Paper / Employee Benefits
New Overtime Rule and Its Impact on Employers

On May 18, 2016, the DOL released the changes to the final overtime rule, which raised the salary threshold at which an employee is eligible to be classified as exempt from $23,660 to $47,476 annually. Any employee currently classified as exempt must start earning a fixed salary of at least $913/week in order to retain his or her exempt status. If the employee does not earn at least this amount, he or she no longer can be classified as exempt and will be entitled to overtime pay beginning December 1, 2016.

In a new white paper, Lockton Compensation Practice Leader Mary Mosqueda and Senior Compensation Consultant Joe Meyer explain the changes and how employers can best respond to the new rule.

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