As you probably know by now, the U.S. Department of Labor (DOL) recently announced their final rule for the Fair Labor Standards Act (FLSA) regulations for white-collar overtime exemptions. The new ruling makes 1.3 Million more Americans eligible for overtime pay. Beginning January 1, 2020, the minimum salary level for an exempt status employee is moving to $684 per week or $35,568 per year (up from the current $455 per week or $23,660 per year).
