You may have hoped that President Obama’s proposed changes to the Fair Labor Standards Act (FLSA) would go away in this election year, but they’re actually ahead of schedule and could go in to effect as early as July of this year! Once the changes are implemented employers will likely have 60 days to comply.
Are you ready for the changes?
- A salary threshold increase from $23,660 to $50,400 (possibly higher)?
- Annual automatic updates based on inflation or some other index?
- Possible changes to the Duties Test, which could require even exempt employees to track their time?
Overwhelmed? We can help!
Cornerstone has human resources expertise to help you evaluate the impact of the proposed FLSA changes to your organization and assist you in sorting through options for reclassifying employees, reviewing and modifying benefits plans, and developing a communication and implementation strategy.
Contact us today to find out more.