Are you salaried employee who receives less than $47,476 a year? If so, you might be positively impacted by the Obama Administration's latest Labor Department regulation.
The Obama administration increased the annual salary threshold that determines who qualifies for overtime pay when they log more than 40 hours a week to $47,476 a year, up from $23,660 a year. This means, if you earn less than $46,476/year, you are now eligible for overtime pay. This is estimated to impact 4.6 million workers in the United States and is a win for employment attorneys fighting for employment rights, as well as wage and hour rights. The regulation goes into effect Dec 1, 2016.
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