|
The summer is quickly closing in and leaving employers with four (4) months to address how they are going to implement the New Overtime Rule and Regulations. Please see the below articles which provides more information so you are prepared.
HRA is working with many area employers to help explore best practices to implement these changes by December 1, 2016.
|
|
(Dec 1, 2016)
Are you ready for the New DOL Overtime Rule?
The final rule was signed on May 18, 2016. If you are wondering whether or not you are a covered FLSA employer more than likely "yes."
Under FLSA the defined covered employer is basically any business with annual sales of $500K or greater,
or who are engaged in interstate commerce.
The term under FLSA "Interstate Commerce" is board and can simply mean mailing and receiving items from other states, using company telephones, or
computers to place or accept interstate
business calls or orders.
Employers are to review current employees that are classified as exempt (White Collar), and Highly Compensated Employee status. Such as:
Executive,
Administrative, and;
Professional
to ensure that there are no misclassifications, and to determine if the projected salary
threshold of $913 per week, or $47,476 annually will be met. For Highly Compensated the new threshold of $134,004 annually. The salary thresholds are expected to increase every three years. In addition, the new rule will allow employers to use non-discretionary bonuses/incentives "including commission" to meet up to 10% of the new standard salary level.
****HRA is currently providing on-site services to assist employers in assessing their current staff classifications to ensure compliance, determine who falls under those identified to raise to the new salary threshold ($47,476), or to re-classify as non-exempt. In addition, we provide recommendations on most the most suitable strategy for your company to address and communicate with managers and staff.
Call today to schedule your on-site assessment.
417-894-3667.
|
HR Advantage is expanding our Recruitment Division......
Did you know that HRA has a Recruitment Division? If you are an employer and are currently recruiting for supervisory, management, HR or C-Suite level staff we can help. HRA has an active roster of qualified candidates who are seeking management level and professional positions such as Sales, Accounting, Operations, Executive Director and all levels of HR professionals. We are confident that you will be pleased with the level of professionalism, exceptional candidates presented and level of service provided. Call today 417-894-3667.
|
|
|
|
|
|
|
To learn more about
HRA's services
click below:
Meet Our Advisors
|
|
|
