On May 18, the Department of Labor issued new regulations that will make more than 4 million workers eligible for overtime. Gesmer Updegrove’s Joe Laferrera and Christine Lee have prepared a Client Advisory that summarizes the regulations’ key changes and focuses on the steps employers can take to comply. We expect our clients with employees earning less than $47,476 annually to have a strong incentive to examine their compensation structure.
The advisory is posted on our website and is available here as a downloadable PDF.
We hope you find this Client Advisory helpful and informative, and encourage you to contact Joe or Christine directly if you would like to discuss the impact of these new requirements on your company.