The U.S. Department of Labor updated the rules for paying
overtime, and the changes take effect December 1, 2016. Under the new rules,
salaried employees who earn less than $913 per week ($47,476 per year) will be
eligible for overtime pay. That's double the annual exempt amount of $23,660
under current rules. Begin reviewing your payroll policies now to avoid
penalties and fines for noncompliance. One important step is to start tracking
hours for your salaried employees.
