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May
17
2016
New FLSA Regulations

On May 17, 2016 the Department of Labor finalized new regulations regarding the threshold salary for exempt (salaried) workers. Under current regulations, salaried workers making $455 or more per week ($23,660 per year) can be exempt from overtime rules. But beginning December 1, 2016, exempt salaried workers will have to make a minimum of $913 per week.

In other words, the lowest annual salary an exempt worker can make will be $47,476. With a few limited exceptions, any employee making less than that will need to be non-exempt (hourly) and eligible for overtime pay. Employers have until December 1, 2016, to comply. Find out what these changes mean for your company by contacting Hunter Employment at 928-341-4664, ext 17 and asking for Tom.

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