May 18, 2016 – UPDATE: The new regulations have been released. The salary increase for salaried employees was not increased to $50,400 per year, but was unfortunately lowered to $47,476.00 per year.
Are you a salaried employee working 50, 60, 70 hours a week and making less than $50k a year? I know there are a lot of you out there suffering from low wage, high hour positions, especially managers working in food service and retail industries. Hang in there, changes are coming very soon! The U.S. Department of Labor has announced that the final rules and regulations regarding new changes to the FLSA should be published in July, 2016 and be in effect in September, 2016. One of these new regulations includes changes to salary/white collar exemption regulations which sets forth that salaried workers earning less than $50,400 a year or $970 a week, must be paid overtime for any hours worked over 40 hours per week. So, if your making less than $50,400 at the moment, you will soon be seeing a pay increase to the minimum of $50,400 per year OR your employer must pay you time and one half for all those extra hours your working over 40 per week. We will update as soon as we know for certain the exact date this new law comes into effect.