As you may have heard, President Obama is directing the Labor Department to expand the classification of employees who are subject to overtime. Currently, workers who are considered executive, administrative or professional and who make more than $455 per week can be considered exempt from overtime rules. Mr. Obama is seeking to increase this wage threshold and redefine the kind of work that qualifies for overtime exemption.
Any changes to regulations are subject to a public comment period before final approval by the Labor Department, so the final outcome is still uncertain and not immediate.
This initiative is in addition to Mr. Obama’s push to increase the minimum wage.
We are continuing to watch these pending changes closely and will keep you posted.