New Overtime Rule for Highly Paid Workers May Cause Headaches
Currently, workers who make over $100,000 per year are exempt from overtime pay. The Department of Labor is proposing a higher salary cutoff in order to increase the number of employees who are eligible to receive time-and-a-half pay for working more than 40 hours a week. The DOL’s proposal is that the overtime pay cutoff is raised to $147,000. Due to this large increase, some businesses may be placed in a difficult situation where they have to increase salary levels or pay a substantial amount of overtime.
See "New Overtime Rule for Highly Paid Workers May Cause Headaches", Jaclyn Diaz, Bloomberg Law, March 18, 2019