What Will New Federal Overtime Rules Mean for Your Business?

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NEW YORK—The U.S. Department of Labor (DOL) recently announced the highly anticipated federal overtime rule under the Fair Labor Standards Act (FLSA). When the final rule becomes effective on Dec. 1, 2016, an estimated 4.2 million white collar workers will become entitled to overtime pay when they work extra hours and wages for workers will increase by $12 billion over the next 10 years, according to the White House. To find out the particulars of the overtime rule and see how it might affect your business, read the full story in HR Corner.