The Department of Labor (DOL) has released information regarding the proposed rule under the Fair Labor Standards Act (FLSA) that would increase the standard salary level for salaried exempt employees to $679 from the current $455 per week, on a salary basis. This rule has an anticipated effective date of January 2020.
Why is this important? According to the DOL, the proposed rule is expected to impact more than one million American workers. In anticipation of this change, now is a great time to review your employees’ job descriptions and FLSA classification.
It is crucial to properly classify employees as exempt or non-exempt. Failure to do so accurately can create risk for wage claims, hefty government fines and increased DOL audits.
Insperity is here to help. Navigating FLSA guidelines to ensure proper classification of your employees can be daunting.
Insperity offers tools and resources that can assist your business to better understand FLSA guidelines.To get started, contact one of our certified HR professionals today through the HR Support Center.
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NOTE: To read the full press release, go to https://www.dol.gov/whd/overtime2019/