The Department of Labor (DOL) released the final rule increasing the salary threshold for federal overtime pay requirements under the Fair Labor Standards Act (FLSA) from $23,660 to $47,476. Effective November 10, 2016, UMW employees making less than $47,476 will be “non-exempt” and paid overtime pay for hours worked beyond 40 in a work week. Exceptions will apply for employees whose primary responsibility is teaching. Overtime pay is equal to one and one half times the employee’s hourly rate of pay.
Now that the new salary rule has been issued, HR is working with cabinet vice presidents, supervisors, and managers to conduct final position reviews and determine which compliance options best meet university needs.
We’ve provided a set of resources that should help you migrate through the changes.