DOL's New Salary Rule on Overtime Will Impact Many Nonprofits
As you’ve likely heard, the U.S. Department of Labor (DOL) released its final regulations on May 18, 2016, changing the overtime exemptions under the Fair Labor Standards Act (FLSA). In short, most salaried employees currently exempt from being paid overtime will lose their exempt status and become overtime eligible effective December 1, 2016, if they are paid a salary less than $913 per week ($47,476 annually).
The salary level threshold was substantially increased, and we know that it will impact many nonprofit organizations. Therefore, we thought it would be helpful for you to see the legal update — “DOL Issues New Salary Rule: Now What?” — prepared by Faegre Baker Daniels colleagues in our labor and employment law group, which offers suggestions about how to respond.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.