What's New? Overtime Pay Rule
Friday, July 29, 2016 at 9:09AM
Banking Spectrum in Human Resources, What's New
On May 18, 2016 President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation. This long-awaited update will result in a meaningful boost to many workers’ wallets, and will go a long way toward realizing President Obama’s commitment to ensuring every worker is compensated fairly for their hard work. For more information, please see Overtime Pay in The Gold Book or visit www.dol.gov/whd/overtime/final2016.
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