November 3, 2016
New overtime rules for salaried employees are about to go into effect. Some of your salaried employees will become hourly, and there’s nothing you can do about it. Starting on December 1, 2016, the minimum salary needed to qualify for a salary exemption will jump from $455 a week ($23,660 per year) to $913 per week ($47,476 per year). If you have employees who are currently exempt from overtime who earn less than $47,476 per year, you’ll have to change the way they are paid.
So how should you tell your employees? Here’s a sample letter to get you started. (Originally shared on Inc.com)