In an online article published by IndustryWeek on July 1, Bass, Berry & Sims attorney Michael Moschel discusses President Obama's announced plans to increase the salary threshold for overtime pay. The rule change, which is subject to a 60-day comments period, would require employers to pay overtime to salaried employees who make less than $50,440 per year instead of the previous cap of $23,660. As Michael states in the article, "'[i]t [the threshold] hasn't gone up since 2008, and those were Bush administration regulations.'" With this raised threshold could come increased enforcement related to employee classifications, Michael warns in the article.
The full article, "How Will the Overtime Proposal Impact Manufacturers?," was published by IndustryWeek and is available online.