Are you prepared for the overtime law change that takes effect on December 1, 2016? Employees that earn less than $47,476 ($913 per week) are now eligible for overtime. The previous threshold was set at $23,660. This salary threshold will continue to rise in the coming years. 4.2 million workers will now be eligible for Overtime under this new law! Compliance must begin on December 1st. Many companies are scrambling to manage this massive increase in the number of employees now eligible to receive overtime pay.
There are two basic options business owners now face.
- Increase the employees’ salary above the threshold
- or manage the hours and pay any overtime.
An automated cloud-based Time and Attendance solution can manage this process easily for companies. All employee hours and overtime will be calculated automatically.
If you have non-exempt employees you will certainly need a time and attendance solution. Charlotte Payroll can help!