Overtime rule takes effect Dec. 1November 08, 2016
Overtime rule takes effect Dec. 1
The U.S. Chamber and other business groups continue to fight the Labor Department’s new overtime rule, but experts advise employers to be ready Dec. 1 to implement the regulation.
The rule more than doubles the salary threshold – to $47,476 – under which employees qualify for overtime pay, no matter the duties of their job.
The U.S. Chamber, leading a broad coalition or pro-business groups, filed a legal challenge to the rule in September. Oral arguments on the lawsuit are scheduled for Nov. 16 in Plano, Texas.
In addition, business groups – including the Knoxville Chamber – support bipartisan legislation that would phase-in higher salary thresholds and eliminate the automatic increases every three years. Tennessee Sens. Lamar Alexander and Bob Corker are among the bill’s sponsors.
With Congress not returning until after the Nov. 8 presidential election and expected to recess before Thanksgiving, little time remains to pass the measure considering other business – including a budget resolution – that lawmakers must act on.
While those battles will continue to be fought in court and in Congress, legal and HR experts suggest employers get ready for the Dec. 1 deadline.
The Knoxville Chamber hosted two workshops earlier this year on how the Labor Department rule will affect local employers. View the video below: