HR - It Gets Complicated
Updated: Sep 25, 2019
Chris provided great insight and collaborative discussion last week on the topic of Human Resources.
Finding the Right Employees in today’s market
Considering upcoming changes to the Fair Labor Standards Act (FLSA)
Work and Faith
FOLLOWING IS A QUICK UPDATE ON A TOPIC MANY ASKED QUESTIONS ABOUT.
DOL Releases final FLSA Salary Threshold - New Rules go into effect 1/1/2020
As expected, the Department of Labor (DOL) has released final FLSA salary thresholds that will go into effect January 1, 2020. Under the new rules, employees that earn less than $35,568 (annual) or $684 (weekly) will become overtime-eligible. The new rule also raises the highly compensated threshold slightly to $107,432, of which at least $684 must be paid weekly.
As a reminder, meeting the salary threshold is only one test for determining exemption from overtime. In addition to exceeding the salary threshold, the employee/job must also satisfy one of the additional duties tests.
Given the short timeframe for compliance, it is critical to review the current impact on your organization to ensure you are compliant for 1/1/2020.
Check out more about “The CTCS Group” and how you can partner with them to help navigate the complex world of HR.