As a small business owner, you should be aware of the new overtime rules that come into effect as of December 1, 2016. These are the most significant changes to salary exemptions since 2004.
While you may have an employee on salary now, that does not necessarily mean you should automatically move them to an hourly position. The final rule does not affect the duties test for executive, administrative, and professional employees; however, compensation may need to increase. Don’t let the new ruling confuse or scare you. Be sure you are current with all the new regulations. The Department of Labor’s document with guidance on the changes may be found at:
The Law Office of Sativa Boatman-Sloan, LLC & 417 Elder Law is here to keep you informed of changes in the law which could have an impact on your business.