Don’t forget: The new overtime rule becomes effective December 1, 2016.
What is the overtime rule?:
Under the Fair Labor Standards Act (FLSA), employers are not required to pay “exempt” employees (white collar/salaried) overtime.
Currently, how much can an exempt employee make, and not be paid overtime?:
$433 per week ($22,516 annually).
What’s the new “exempt” amount an person can make and not have to be paid overtime?:
$913 per week ($47,476 annually).
Wow! That’s a big jump, right? Paying overtime to your employees that make up to $47,476 per year, could be a game-changer for your organization. Don’t get caught not being in compliance. Take a look at our previous post here and find out more.. Better yet, reach out to TANO (email or call us), your nonprofit resource, to learn more about this important employment update.