January 30, 2015
The U.S. Department of Labor has unveiled its long-awaited update to the rules governing who is and isn't exempt from overtime.
Some retailers and other companies could face higher labor costs, as more entry-level employees will be eligible for overtime. Companies with more professional employees may--at least from a legal standpoint--be able to reclassify some of them as exempt from overtime beginning in 2005. Fact sheets are available online at http://www.dol.gov/esa/regs/compliance/whd/fairpay/main.htm
Expert attorneys are available to answer questions on the rules in the Legal Forum.