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.

Request this White Paper

Please fill out all of the forms below to have this white paper(s) emailed directly to you.

Acknowledgment and Acceptance of Terms.
By signing up for our newsletters and updates, you acknowledge that you have read, understand, and agree to our Terms of Use and to the use of your Personal Information in accordance with our Privacy Policy and Cookie Policy.

Your request was successfully sent. You should receive your email shortly.

    
< Back to Insights & Publications
Discover more Insights & Publications  |  Read more in the Lockton Newsroom  |  See our Client Stories
Read more in the Lockton Newsroom
See our Client Stories