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Huge Overtime Pay Change for Salaried Workers

  • 24 February 2016
  • Author: Cari Holbrook
  • Number of views: 1107
  • 0 Comments
Huge Overtime Pay Change for Salaried Workers

A new federal ruling mandates that all salaried workers, regardless of title or duties, are eligible for overtime if they earn $50,440 or less (effectively doubling the previous limit of $23,660). Experts believe that, under the ruling, businesses will find themselves more vulnerable to an audit and subject to sizable penalties for not accurately tracking and paying nonexempt employees for all hours worked. Those relying on paper time sheets, which are open to human error, and those not requiring employees to track hours at all may be particularly vulnerable.

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