New Increased Overtime Threshold: Does This Help or Hurt Workers?

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On May 18, 2016 the Obama Administration put in place a new threshold for full-time salaried employees to be eligible for overtime to $47,476, which is more than twice as much as the current threshold of $23,600 and will be effective December 1, 2016. The premise behind increasing this threshold is that low to middle earning income workers haven’t had any significant changes in the last few decades despite high earning income workers still having their compensation increase significantly during that same time frame.

On the face of this new threshold, it seems that it will have a positive consequences for …read more

Read more here:: Nonprofit

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