New overtime rules for December 1, 2016
Federal Overtime Rules for 2016
We are a time clock reseller, our goal is to sell time clocks which are the basis of scientific management. Employee time clocks track labor and increase the profitability of our customers – so that they buy more, and better time clocking systems from us. That is our motive.
This is directly from the Department of Labor. Effective December 1, 2016 the final rule will:
- Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year), this will affect 4.2 million workers
- Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability
- Strengthen overtime protections for salaried workers already entitled to overtime
- Provide greater clarity for workers and employees
The final rule will become effective on December 1, 2016. The final rule does not make any changes to the duties test for executive, administrative and professional employees.
In In Response To The New Overtime Rule, Employers Can:
1) Pay time-and-a-half for overtime work
2) Raise workers’ salaries above the new threshold
3) Limit workers’ hours to 40 per week
4) Some combination of above
For further information, call or write the United States Department of Labor at":
200 Constitution Ave. NW
Washington, DC 20210
1-866-487-2365 Or click here, this is the link: https://www.dol.gov/agencies/whd