How Do Overtime Laws Effect You?
The Department of Labor establishes overtime thresholds and white-collar exemptions through the Fair Labor Standards Act. The current salary threshold needed to qualify for overtime exemption is $684/week ($35,568/year).
When determining salaries, employers must decide what is the most cost-effective way to pay employees. Whether it’s raising salaries to meet the threshold or reclassifying them as nonexempt and pay the overtime, start by using the calculator below to see how overtime rules impact your budget.