the road to overtime compliance: a small business guide
TRANSCRIPT
The U.S. Department of Laborruling dramatically increased the
salary threshold,or the minimum
salary you must pay an employeefor them to be exempt from
overtime pay.
The salary threshold will increasefrom $24,660 to $47,476.
That's a 101% increase inthe salary overtime law.
For small businesses, that101% will have a huge
impact on payroll budgets,scheduling, workplaceflexibility, and more.
More details:This article outlinesyour need-to-knowdetails on the DOL
overtime rule .
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Choose one of these four routesto prepare your small business for
the overtime law changes.
1 2 3 4
1Increase your employeessalaries to $47,476 so theykeep their exempt status.
Tip:1
Going this route works best whenyour employees already have
salaries close to the new salary leveland regularly work overtime hours.
2Switch your newly nonexemptemployee to hourly, & payovertime when necessary.
Tip:2
This route works best foremployees who work 4o hours orfewer in a typical workweek, but
have occasional spikes that requireovertime pay.
3Limit the number ofovertime hours employeesare allowed to work.
Tip:3
This route will reduce the amountof overtime wages you have to pay.
It also incentivizes employees tofocus more on productivity.
4Use the combination of theprevious three routes thatworks best for your business.
Tip:4
This article can helpyou communicateFLSA changes toyour workforce.
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All businesses mustcomply with theovertime rule byDecember 1, 2016.
Don't underestimate the impact of newovertime regulations. Prepare your small
business for changes today.
Prepare for overtime changes today.Get the full details » "New DOL
Overtime Rule Announced. How Will it
Affect Your Small Business?"
Learn how to communicate with your
team » "Talking to the Newly Nonexempt"
BONUS » Download the
infographic! "Your Roadmap to
Overtime Compliance"
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