For some salaried employees, and many managers, December 1st is going to be a big day of change.
The new federal overtime rule goes into effect on December 1st, 2016. What does that mean for businesses? For starters, the standard salary is about to double (from $455 to $913 per week) for any employee working 40 hours a week.
And if your employee goes over those 40 hours but is under the salary requirement? Well, there are a few options that you can look at.
Fast Company gives different examples on how to keep your staff at 40 hours per week. Even though these regulations will take place over multiple years, employers and managers need to be aware of these changes right now and have plans in effect to stay in compliance.
For managers or employers who wish to stay in compliance without the stress of knowing every single regulation, partnering with an HR outsourcing (HRO) company like DynamicHR may be a better choice. Not only can an HRO explain the details of these rules and regulations, but they can also take over the administrative side all together to give employers peace of mind and more free time. Feel free to reach out to DynamicHR toll free at 1-866-297-5500.