On May 23, 2016, the U.S. Department of Labor ("DOL") published its Final Rule updating the Fair Labor Standards Act's ("FLSA") overtime regulations. The impact of these changes will be immediate and far-reaching. The overtime exemptions for the executive, administrative, and professional classifications are more than doubling the minimum salary requirement. Effective Dec. 1, 2016, the minimum annual salary level required to satisfy these exemptions is jumping from $23,660 to $47,476. Despite requests from thousands of employers to delay implementation or provide a multi-year roll-out of the new rule, the DOL insists that employers must be in full compliance with the new rule by Dec. 1, 2016.
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