By Leonard B. Segal, Partner, Seiler Schindel Segal
Do you currently have employees exempt from overtime pay? On December 1, 2016, this may no longer be the case for a number of your employees. In May of this year, the United States Department of Labor (DOL) published its long anticipated new federal overtime rule that is used to determine which white collar employees are exempt from overtime pay under the Fair Labor Standards Act (FLSA). According to the DOL, 4.2 million people will be eligible for overtime pay under the new rule. Of those, nearly 79,000 are Minnesotans.