New Overtime Rules Set

New Overtime Rules Set

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According to the National Council of Nonprofits, the Overtime Final Rule implements a 50-percent increase in the salary level test that was last set 15 years earlier, a period that saw a 33-percent increase in the federal poverty level. The Labor Department estimates that 1.2 million additional workers will be entitled to minimum wage and overtime pay as a result of the increase to the standard salary level. It also estimates that a little more than 100,000 employees will be entitled to overtime pay as a result of the increase to the HCE level.

For more on the new rules and an extensive Q&A on the topic, go to https://www.councilofnonprofits.org

Source Name: 
The NonProfit Times
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