Make Sure You’re Prepared for the New Overtime Rules
We’ve put together a few resources to help you prepare for changes to overtime rules. On January 1, 2020 any salaried employee making less than $35,568 per year will now be eligible for overtime. This may not mean an increase in total wages; it could just mean a conversion from an annual salary to an hourly rate.
UPDATE – 9/24/2019 – The Department of Labor has released a final rule on expanding overtime eligibility.
UPDATE- 9/5/2017: A federal judge has halted implementation of the overtime expansion.
UPDATE- 11/22/2016: Multiple news outlets have reported that the overtime law implementation may be delayed and will not go into effect on December 1st, per a judge’s ruling on Tuesday.
New! Let Us Take Care of Your Compliance
With Homebase Plus, we’ve made it easy to automatically track overtime for your salaried employees earning less than $47,476. That means you don’t need to take any action to become compliant with the new law. If you’re an existing customer, check out our support article for how to enable salaried overtime tracking.
You may choose to make some positions hourly, rather than salaried, to stay in compliance with the new law without increasing your labor costs. This handy calculator makes it easy to convert an annual salary to an hourly wage.
We’ve been writing a series of articles about the upcoming overtime law changes, and other labor law topics, so you can stay up to speed. Check out these articles for a little more context on the law, and what you can do to prepare.
Staying Compliant with Other Labor Laws
Of course, overtime laws aren’t the only labor laws you need to worry about. We can help there, too. We’ve automated a lot of the work of staying compliant with a wide range of labor laws. When you start using Homebase to schedule employees and handle timesheets, we’ll automatically recommend overtime and break rules based on your state laws.