What’s Your Plan for the New Overtime Rules?

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On May 18, 2016, the U.S. Department of Labor (DOL) announced the release of the highly anticipated Final Rule to Update the Regulations Defining and Delimiting the Exemption for Executive, Administrative, and Professional Employees revising the federal overtime regulations under the Fair Labor Standards Act (FLSA). The Final Rule will take effect in just over six months on December 1, 2016.

When the rule change takes effect, the DOL estimates over four million more employees may become eligible for overtime pay. Failure to pay overtime pay correctly to eligible employees can result in fines and penalties under the FLSA and/or applicable state law.

These changes may result in difficult decisions and administrative tasks that can quickly consume your schedule. Is your business ready?

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This guide is free when you register for helpful business updates from Paychex.

In the Guide you'll learn about:

The Fair Labor Standards Act

What the FLSA does and does not establish standards for
The rules that establish coverage: the Enterprise and Individual Employee Coverage Rules
The differences between exempt and non-exempt employees, and the Highly Compensated Employee exemption
Details about paying overtime in compliance with the FLSA

Get insights on:

The Fair Labor Standards Act
The new rule to change federal overtime regulations
How these changes may impact your business, and
What you can do to get ready.

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More Resources on Proposed Overtime Rules

The Clock is Ticking on Proposed Overtime Rules
View infographic

Proposed Overtime Rules Could Be Costly for Businesses
Read article

How the New Overtime Rules May Impact Employers
View webinar

The New Rule

How the minimum salary level for exempt workers in the executive, administrative, and professional exemptions has changed
The change to the total annual compensation requirement needed to meet the Highly Compensated Employee (HCE) exemption
Information on how the change may affect your business operations

How You Can Prepare

The Final Rule will take effect on December 1, 2016, but with a solid plan, you can make the necessary adjustments to help mitigate disruption to your business. We’ll review 9 steps you can take to support your strategy for navigating the changes.

How Paychex Can Help

The DOL’s changes to the overtime rule will likely affect business operations across the country, but you don’t have to go it alone. Paychex offers time and attendance and HR solutions that can help you make informed decisions, manage costs, and develop strategies that make sense for your business.