Bass, Berry & Sims attorney Tim Garrett authored an article for the Nashville Business Journal outlining the implications of the Department of Labor's (DOL) new overtime rules. These new rules, effective December 1, 2016, will impact many employers and employees. The new rules raise an employee's exempt salary level from $23,660 to $47,476. As Tim points out, employers will now need to determine whether to "[g]ive a raise, effective no later than Dec. 1, to any employee classified as exempt but not yet receiving an annual salary of $47,476; or reclassify the employee as non-exempt and eligible for overtime, meaning the employee must keep up with all hours worked."
The full article, "What the New Overtime Rules Mean for You," was published by the Nashville Business Journal on June 3, 2016, and is available online.