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New Overtime Pay Rules Now in Effect for 2020

Zenefits

The new requirements went into effect January 1, 2020. Allows employers to use nondiscretionary bonuses and incentive payments that are paid annually to satisfy up to 10% of the standard salary level. Bookmark( 0 ) Please login to bookmark The post New Overtime Pay Rules Now in Effect for 2020 appeared first on Workest.

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New Overtime Rules – What You Need To Know!

Affinity HR Group

On September 24, 2019, the DOL released the highly-anticipated final rule increasing the minimum salary level for “white-collar” and highly-compensated exempt employees for the first time since 2004. These changes will go into effect January 1, 2020. By Paige McAllister, SPHR, HR Compliance and Claudia St. Next Steps.

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Overtime threshold rising to $35,568 on Jan. 1

Business Management Daily

1, 2020, following approval of a final rule the Department of Labor says will make 1.2 The new threshold represents a 50% increase over the current threshold of $23,660, which was established in 2004. Compliance guide for small employers: www.dol.gov/whd/overtime2019/overtime_complianceguide.pdf.