If you have been watching the news over the past year or so, you were aware that changes were coming in regard to the FLSA and its salary-basis test. Yesterday, those updates were released, and here are the key points you need to know:
The new salary threshold will be $47,476 annually (or $913 weekly) – more than double the previous threshold of $23,660 annually (or $455 weekly).
Any employee who does not meet these new salary basis thresholds will no longer qualify as exempt, and will qualify for all of the protections of the FLSA, including overtime wages.
For a more in-depth summary of the final changes, click here.
Keep an eye out for more information on this topic, as well as an upcoming webinar, from SIA Group, or contact me to discuss how we can help you make strategic decisions in the reorganization of your staff!
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