The Top Ten Things Employers Need to Know About the New FLSA Regulations Released Today
Today the United States Department of Labor issued the long-awaited, updated Final Rule revising the federal regulations under the Fair Labor Standards Act ("FLSA") implementing the exemption from minimum wage and overtime pay for executive, administrative, professional, outside sales, and computer employees. Here are the highlights from the 508-page release that employers need to know: The salary test for EAP workers (defined as executive, administrative and professional employees under the current FLSA tests) has more than doubled from $455 per week ($23,360 per year) to $913 per week ($47,476 per year). The DOL did not make any changes to the EAP duties tests. The highly-compensated employee total annual compensation level has increased from $100,000 to $134,004. For the first time, employers will be permitted to count non-discretionary bonuses, incentives, and commissions toward up to 10% of the standard weekly salary test, as long as employers pay those am...