The Rea Report Spring 2019 | Page 6

Department of Labor Proposal for New Federal Overtime Rule PREPARE FOR POSSIBLE NEW WAGE AND HOUR COMPLIANCE RULES By Renee West, SHRM-SCP, PHR, senior HR manager, [email protected] (New Philadelphia office) The Department of Labor (DOL) recently proposed a federal overtime rule that would increase the salary threshold fig- ure and make more Americans eligible for overtime pay. This ruling was tabled in late 2018, but it is gaining momentum again. The current threshold sits at $23,660, but if the DOL has its way, the minimum salary for exemption would see a significant increase. While a new salary threshold figure has yet to be determined, at press time, many experts predict the new threshold will hover in the $30,000 range. Employer feedback to the original rule proposed in 2016 expressed concern that the proposal didn’t include a vari- ance for salary thresholds based on re- gions. As many know, the cost of living varies widely across the country. The DOL has not provided information whether the new ruling will issue a single salary threshold or include the variances in levels by demographics. The variable level would require employers and the DOL to incur additional administrative costs. This will also affect those companies that operate in different regions within the country. How To Prepare The proposed regulations will mainly affect wage and hour compliance with a significant influence on overall labor continued page 8 > 6