ONLY FOUR WEEKS LEFT TO COMPLY WITH NEW LABOR LAWS

In 2014, President Obama signed a Presidential Memorandum directing the Secretary of Department of Labor (“DOL”) to update the Fair Labor Standards Act’s minimum wage and overtime standards that had not been updated since 2004. The new rule is becoming effective next month, on December 1, 2016 and it will affect not only employees but business owners. Those who will negatively be impacted are small business owners who have fewer than 10 employees and make up 68% of U.S. businesses with an annual revenue of less than $250,000. First, it is important to understand how overtime works. Under the Fair Labor Standards Act, a non-exempt employee, an employee who qualifies for over time, must receiv

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