Tag Archives: salary

The new overtime rule from the Department of Labor will be implemented on Dec. 1, barring the success of any efforts to stop or delay the rule. It couldn’t come at a worse time for the industry: just before the start of boat show season. For the next month, business owners need to determine which employees this will impact and ...

On May 18, 2016, President Barack Obama and Secretary Thomas Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations for white-collar workers. The new rule sets the standard salary level at the 40th percentile of earnings of full-time salaried workers in the lowest-wage Census Region, which is $913 per week or $47.476 annually. Any ...