Saturday, September 24, 2016

Jim Hammerschmidt Provides Commentary in Law360 Article on Challenges to the DOL’s New Overtime Rule

“There’s no doubt that it’s a game-changer,” said James Hammerschmidt, co-chair of the employment law group at Paley Rothman. “There’s going to be changes.”



Effective December 1, 2016, the rule raises the minimum salary threshold required to qualify for the Fair Labor Standards Act’s white collar exemption to $47,476 per year, more than double the current threshold of $23,660. Meaning, a lot of companies are going to need to pay close attention to how they classify employees, and make sure they are paying eligible employees overtime pay.
Jim is Co-Chair of the firm’s Employment Law practice group and Co-President of the firm. The employment law group recently wrote a blog giving a detailed overview of the changes and how they will affect employers: “DOL Finalizes Changes to Overtime Exemptions.”
Full coverage of the article, “DOL OT Rule Hard To Nix, But Automatic Increases May Fall” can be found on Law360 online (subscription required).