Will you be ready for December 1st?

As a reminder to a previous article here - Starting December 1, 2016, the Department of Labor (DOL) Final Overtime Rule for the salary threshold to avoid paying overtime will move to $913 per week (an annual salary of $47,476). Further inflation adjustments will be made every three years thereafter using the same 40th percentile criteria. Though there is a push to delay implementation of this Rule, it is unlikely.

What does this mean for you as an employer?

Employers must continue to push forward with analyzing their exempt positions and making determinations as to whether each position meets both the salary basis and duties tests for exemption from overtime under the Fair Labor Standards Act. While you do not need to implement any salary increases until December 1, 2016, companies should be ready to make changes on or before that day and should not rely on the "hope" that the DOL's implementation will be delayed.