It’s official. The new FLSA overtime laws have been approved and will go into effect January 1, 2020. The changes include an increase in the overtime threshold to $684 per week and increase in the total compensation requirement for “highly compensated employees” to $107,432. But there will be no changes to the job duties test.
Payroll and HR teams should:
• Review employees and their hours to understand if you’ll incur additional overtime costs
• Pay attention to employees with multiple positions to ensure accurate tracking
• Assess job descriptions and possible reclassifications
• Understand the details of the new regulations
Contact us today if you want to get ahead of the curve and create a strategy.