New Federal Overtime Rules – May 2016

New Federal Overtime Rules

On May 18, 2016, the Department of Labor released its final rule regarding overtime regulations which will require franchisors and franchisees alike to pay overtime to managers and other administrative employees making less than $47,476 per year. Under the new rule, scheduled to take effect December 1, 2016, the minimum salary threshold at which executive, administrative and professional employees are exempt from the overtime pay requirements of the Fair Labor

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