Change to Overtime Pay Rules

Changes to overtime rules may affect overtime pay due to your employees.  As of December 1, 2016, changes to the Fair Labor Standards Act (FLSA) expands thegroup of employees considered eligible for overtime pay to those employees earning less than $47,476 per year.  Previously the threshold was annual wages of $23,660.  The rate of overtime pay remains one and one half of the employee's regular hourly rate for every hour over 40 hours per week worked.