Nonexempt FLSA Earnings Threshold - Columbia Compensation
It is official – we have the number, now it’s time to consider the effect. The number is $47,476 annually. That’s the 40th percentile of earnings of full-time salaried workers in the lowest paid census region, the South. And it adjusts every three years (the original rule would have adjusted every year but for voracious feedback from the HR community). If you pay an employee less than that (in most cases), you’ll need to determine what next steps to take once the law takes effect on December 1, 2016. Here’s a link to the DOL announcement: https://www.dol.gov/whd/overtime/final2016/ According to a...
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