New DOL Rule Requires Employers to Act

By Bobbie Fox
Associate General Counsel
CopperPoint Insurance Companies

No doubt you have heard about the Department of Labor’s Final Rule effective Dec. 1, 2016 raising the compensation required to qualify for a “white collar” exemption (executive, administrative, and professional) from $23,660 per year to $47,476 per year. What does that mean? It means that if you have an employee that you consider to be exempt from overtime under a white collar exemption, and he or she makes less than $47,476 per year, you need to act in order to keep the exempt status. Continue reading