New Salary Threshold
The law today says that "exempt" employees must earn a salary of at least $35,568 per year. However, the U.S. Department of Labor recently decided to increase the minimum salary threshold, as follows:
Now is the time to start planning how your business will adapt to these new salary thresholds. Will you increase your exempt employees' annual salaries, or perhaps change then to hourly status? How will these changes affect your employees' job titles, work duties, and other responsibilities?
If you need help planning for these upcoming changes, please give us a call - we would love to answer your questions!