Bass, Berry & Sims attorney Tim Garrett provided insight for an article in Professional Remodeler on how the Department of Labor's (DOL) new overtime regulations will impact exempt and nonexempt employees in the construction industry. As Tim points out in the article, "'[e]mployers face a choice. One is to give a raise, effective no later than Dec. 1, to any employee classified as exempt but not yet receiving an annual salary of $47,476. The other is to reclassify the employee as nonexempt and eligible for overtime.'"
To read more about the DOL's regulation, please read Tim's blog post from May 2016.
The full article, "What the New Overtime Regulations Mean for Remodelers," was published by Professional Remodeler on August 23, 2016, and is available online.