The Labor Department has unveiled a change to federally mandated overtime policy that promises to enact sweeping pay reform for salaried workers across domestic industries. With this newly announced increase, as of July 1, employers will be obligated to pay overtime to workers on salary who make under $43,888. Eventually, in a second phase in 2025, the minimum will increase so that the overtime mandate applies to workers making as much as $1,128 per week, or $58,656 per year.
"White-collar" exemptions have meant that certain employees, placed on salary instead of wages, can be worked a lot harder for a lot less. Waged workers have, since the 1938 Fair Labor Standards Act (FLSA), been entitled to overtime pay of at least time and a half, or 150 percent of their usual wage, for putting in working time exceeding 40 hours a week.
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