This is not a drill. A new, federal overtime proposal will cost employers $1.2 billion.

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For the first time in four years, the U.S. Department of Labor plans to increase the minimum salary level to be exempt from the Fair Labor Standard Act’s overtime requirements.

What is the Department proposing?

Under the current FLSA regulations, a covered employer must generally pay executive, administrative, or professional (EAP) employees at least $684 per week (equivalent to $35,568 annually for a full-year employee), which is the standard salary level to be exempt from the FLSA overtime protections.

The Department proposes to increase the standard salary level for EAP workers to $1,059 per week ($55,068 annually). The Department derived

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