The US Chamber of Commerce will be hosting a conference call this Thursday, October 22 at 3:00pm ET to discuss the Obama Administration's proposed changes to the regulations defining who qualifies for overtime.
Under the proposed rule, workers will automatically be eligible for overtime compensation if they are not paid more than $970 per week ($50,440 per year). That's up from $455 per week ($23,660 per year) under current rules. Increasing the salary threshold so dramatically will mean employers will have to decide whether to reclassify millions of employees or increase their salaries to remain exempt. Many will likely be reclassified from exempt to non-exempt (eligible for overtime).
Learn more or register for the call here!