Tag: Overtime Rule
Security industry alarmed about overtime pay rule
August 16, 2016Paul Ragusa
WASHINGTON—The U.S. Department of Labor (DoL) recently submitted revisions to the Fair Labor Standards Act that would more than double the salary threshold for earning overtime pay, starting Dec. 31, 2016.
Presently, only those employees making less than $455.00 per week are eligible for overtime compensation. The DoL's new rule increases this eligibility minimum to any employee making less than $913.00, an increase that many in the security industry and on Capitol Hill feel will put...
Industry alarmed about overtime pay rule
July 27, 2016Paul Ragusa
The U.S. Department of Labor (DOL) recently submitted revisions to the Fair Labor Standards Act (FLSA) that would raise the salary threshold for earning overtime pay. Presently, only those employees making less than $455.00 per week are eligible for overtime compensation. The DOL's new rule increases this eligibility minimum to any employee making less than $913.00, an increase that many in the security industry and on Capitol Hill feel will put a financial strain on businesses, which are supposed...