Stakeholders could touch upon a proposed time beyond regulation rule via Nov. 7, in line with a discover printed Friday.
The U.S. Division of Labor final week introduced plans to extend the wage threshold for time beyond regulation eligibility — at the moment $35,568 — to $1,059 per week, or roughly $55,068 per yr. It stated in a footnote, nevertheless, that the ultimate rule would come with a threshold based mostly on the latest wage knowledge out there. Relying on how lengthy the method takes and the calculation used, that could possibly be greater than $60,000, in line with DOL.
The proposal additionally adopts computerized will increase for the edge, one thing the Honest Labor Requirements Act rules don’t at the moment embrace.
The company’s proposal was broadly anticipated but additionally is prone to face pushback from companies within the type of feedback and lawsuits. The U.S. Chamber of Commerce, a enterprise affiliation, has slammed the proposal as “the flawed rulemaking on the flawed time,” citing the broader financial local weather.
Regardless of the probability of authorized challenges, an employment regulation lawyer informed HR Dive employers ought to conduct an audit now to find out what number of staff could be affected by such a rule and the way it will reply — whether or not by elevating salaries or changing these staff to non-exempt staff.
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