Salary Considerations under the New DOL Standards (View-Only Document)

On December 1, 2016, the Department of Labor (DOL) will implement changes raising the minimum compensation for exempt employees to $47,476 annually. While salary is just half of a two-part equation that includes a duties test of essential job functions, scrutiny is under way to analyze compensation and find solutions to avoid conflict with the new rule. This Compliance Advisor reviews the perils of having all employees work 40 hours and get approval for overtime, workable solutions using salary increases, bonuses or incentives--as well as considerations when paying nonexempt staff on a salary basis.