Recently, the U.S. Department of Labor's Wage and Hour Division (WHD) announced proposed changes to the overtime regulations of the Fair Labor Standards Act. If implemented without changes, the proposed rule would increase the salary threshold for the executive, administrative and professional exemptions from $455 per week ($23,660 per year) to a 2016 level of $970 per week ($50,440 per year). The threshold for highly compensated employees would also increase from $100,000 per year to $122,148 per year. Both thresholds would be adjusted annually based on one of two proposed methods. Although WHD did not propose any changes to the duties tests, it strongly indicated consideration of changes and requested comments on possible changes.
Your help is needed as AGC prepares to draft its response to the proposed rule on behalf of the non-residential construction industry. To ensure that we are accurately depicting the impact this rule will have on your company, please take a few moments to complete this survey.
Click here to complete the survey by August 7th.
For questions, contact Tamika Carter at cartert@agc.org or Jim Young at youngj@agc.org.