DID YOU KNOW?
The final rule on the Department of Labor’s (DOL) proposed changes to the FLSA overtime exemptions may be published sooner than the anticipated July 2016 date.
On March 14, the DOL sent the final draft of the rule to the Office of Management and Budget (OMB), indicating a faster timeline than what was anticipated. The final rule could be published as early as May or June.
Because of the upcoming presidential election, there is pressure on the DOL to make the final rule effective shortly after it is published. Employers should understand how the overtime rule changes may affect current employee classifications and start planning for compliance.