Thursday, December 12th, 2019 | Choose your preferred time
New Overtime Rules Take Effect 1/1/2020
Are You Prepared?
In September of this year, the Department of Labor (DOL) released much-anticipated changes to overtime provisions of the Fair Labor Standards Act (FLSA).
The new rule raises the salary threshold for executive, administrative and professional exemptions.
Beginning on January 1, 2020, the salary threshold will increase from $455 per week to $684 per week.
As a result, any employee who earns less than $35,568 annually will now be eligible for overtime pay.
The law also raises the total annual compensation level for highly compensated employees from $100,000 per year to $107,432 per year.
Any business that employs workers with salaries under $35,568 will be directly affected by the new regulations and face a decision: provide affected employees with a salary increase or pay them overtime.
Join James Schwantes, Product Compliance Analyst at Paycor for an overview of FLSA overtime exemptions, learn what’s changing in 2020 and see what employers must do to prepare.
With a legal and tax background. Prior to working at Paycor, James served as an attorney in Cincinnati focusing on antitrust, ERISA and business litigation.
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