New overtime rule in 2020 may wreak havoc with employers
News by Editorial Team 30 Dec 2019
The Department of Labor (DOL) would be reeling out anew overtime rule from January 1, 2020. According to DOL, this new overtime rule would ensure that about 1.3 million new workers are eligible for overtime pay. What it implies for employers is that starting January 1, 2020, the FLSA (Fair Labor Standards Act) threshold would be increasing to $35,568 annually, or $684 weekly from the previous salary threshold of $23,660 per year, or $455 per week. Thus adding previously exempted employees into the nonexempt employee category.