Mark Smith's Analyst Perspectives

Mr. President and Department of Labor: Move Aside; Let Employees Work and Learn

Posted by Ventana Research on May 21, 2016 1:33:19 PM

Through a federal rule referred to as “Overtime Rule” and part of Title 29 regulations was issued on May 18th, 2016 by the Department of Labor (DOL), the Obama administration now mandates that unless they meet criteria for exemption, employees paid less than $47,476 ($22.825 per hour) are entitled to overtime pay when they work more than 40 hours per week. The rule change, which goes into effective on December 1, 2016, is intended to apply to executive, administrative and professional employees; it has exemptions for teachers, lawyers and other specific jobs and industries.

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Topics: Business Analytics, Cloud Computing, Contingent Labor, Customer Performance Management (CPM), Department of Labor, Final Rule, Financial Performance Management (FPM), FLSA, Governance, Governance, Risk & Compliance (GRC), Human Capital, Human Capital Management, Operational Performance Management (OPM), Overtime Rule, Part 541, POTUS, President Obama, Sales Performance Management (SPM), Supply Chain Performance Management (SCPM), Uncategorized, Wage and Labor, Workforce Management, Workforce Performance Management (WPM), Workforce Planning