Figuring Out the Final Rule

3 Min Read By MRM Staff

Despite expected legal challenges and congressional efforts to stop the implementation of the final overtime rule when it is set to take effect on December 1, experts urge employers to start preparing now to meet the requirements.

“Six months seems like a long time, but there are a lot of moving parts and you’ll have to tinker with the options,” Nancy Vary, JD, Director of the Compliance Consulting Center at Xerox HR Services told Modern Restaurant Management magazine. “There’s not going to be one size that fits all. Decisions will have to be made on an employee-by-employee basis. It has to be managed carefully for the betterment of your business. Employee communication and morale will be very important.”

Many are wondering: how do you make sure all the work gets done?

The U.S. Department of Labor’s new Final Rule announced May 18, more than doubles the current minimum salary that must be paid to treat employees as exempt. The amount goes from the current $455 a week…