FLSA Overtime Rule: What You Need to Know and Do Now

Originally presented on May 25, 2016
1 p.m. Eastern

On May 18, the U.S. Department of Labor (DOL) announced changes to the Fair Labor Standards Act overtime rule. Below are quick facts about the rule:

  • The new minimum salary threshold has been set at $47,476 per year. The final rule will allow up to 10 percent of the salary threshold to be met by non-discretionary bonuses, incentive pay or commissions, provided these payments are made at least on a quarterly basis.
  • The threshold will automatically update every three years. Each update will raise the standard threshold to the 40th percentile of full-time salaried workers in the lowest-wage Census region, estimated to be $51,168 in 2020. DOL will post new salary levels 150 days in advance of their effective date, beginning August 1, 2019.
  • DOL did not make any changes to the duties test.
  • Employers will need to be in compliance with the new regulations by Dec. 1, 2016.

While there were several reports by the press that the rule would include exemptions for higher education, those reports were false. The DOL has released several fact sheets specific to higher education.

Now that the rule has been released, what's next for higher ed? During this webinar, you'll learn about what's included in the final rule, compliance and communication strategies, budget implications and possible morale and productivity issues.

Additional information about this program can be found at this website .

Updated March 5, 2017