DOL proposal would require firms to provide analysis of all overtime denials
If a current proposal from the Department of Labor (DOL) gets passed, it could mean a lot of added work — and headaches — for companies.
In its 2010 Spring Regulatory Agenda, the DOL included a new Fair Labor Standards Act (FLSA) rule that would require employers to show an FLSA exemption analysis for every employee that’s denied overtime.
Employers would also be required to preserve the analysis for DOL Wage & Hour Division inspectors to see. For companies that don’t have an up-to-date exemption analysis, the job will likely be considered nonexempt and overtime eligible.
We’ll keep you posted on the outcome of this proposal as its effect on back pay could be tremendous.
The DOL proposal can be seen in its entirety here.
Free Training & Resources
Further Reading
In a final rule, the Department of Homeland Security increased the penalties for violations of federal immigration law. With enforcement...
IRS just released guidance on a new type of emergency savings account, created under the Secure 2.0 Act of 2022. Employers can start off...
The IRS has finalized the tax year 2026 Form W-2, solidifying more of the reporting requirements established by federal legislation passed ...
Senior political advisor Stephen Miller is busier than ever since leaving the Trump administration. Miller is squaring his sights on compan...
Back in 2013, the Securities & Exchange Commission (SEC) accused hedge fund manager George Jarkesy of defrauding two investors. Unlike ...
The cost of being a federal contractor is going up for 2024 due to a minimum wage increase. There’s legal pushback in some parts of t...