Andrea Kirshenbaum and Darren Creasy Examine the DOL's New Proposed Salary Thresholds for 'White-Collar' Exemptions for The Legal Intelligencer on July 6
In the July 6, 2015 issue of The Legal Intelligencer, Employment & Employee Relations Principals Andrea M. Kirshenbaum and Darren M. Creasy examine the U.S. Department of Labor's long-awaited Notice of Proposed Rulemaking (NPRM), containing a new minimum salary threshold for workers to qualify for “white-collar” exemptions to the Fair Labor Standards Act (FLSA) overtime requirements.
The authors note that, Most significantly, the DOL’s proposed new minimum salary threshold for the “executive,” “administrative” and “professional” exemptions from overtime pay...would more than double the current salary basis of $23,660 per year ($455 per week)."
They go on to explain:
"The proposed changes, should they be contained in the DOL’s Final Rule, will have a wide-ranging impact on workers and businesses. Consequently, employers should begin preparing today for the likelihood that a significant number of additional employees will be overtime-eligible under the FLSA."