7 Extra Costs You'll Face With the New Overtime Rules

How the overtime pay rules could affect your bottom line.

By Jon Burns | May 25, 2016 at 11:26 AM

The Department of Labor announced the details of its new rule on overtime pay, which has increased the salary threshold for employees eligible from $23,660 to $47,476.

There will be no change in the duties test to determine whether employees earning more than the salary threshold must be classified as exempt from overtime; however, the threshold will be updated every three years.

The new rules will take effect on December 1, 2016.

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