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Employment Law Newsletter: Employers Should Consider Revisiting Worker Classification and Compensation in Light of Proposed DOL Rules
This summer the U.S. Department of Labor (DOL) issued proposed regulations which would increase the minimum salary that employers are required to pay to “exempt” workers from the current level of $23,660 per year. If and when the rules are finalized, many employers will be required to either reclassify previously exempt workers or change their existing compensation models.
In this issue of The Resource: A Legal Newsletter for Employers and Human Resource Professionals, T. Cullen Stafford of the Wyrick Robbins Employment Law Group provides a general review of the overtime rules and requirements of the Fair Labor Standards Act, explains the details of the proposed regulations, and offers practical advice regarding the steps employers should take now before the new regulations are implemented, likely sometime in 2016.
UPDATE: please see the Fall 2016 newsletter