The proposed regulation would require employers to pay overtime to salaried workers who are in executive, administrative and professional roles but make less than $1,059 a week, or $55,068 a year for full-time employees. That salary threshold is up from $35,568....
The calculation of overtime pay depends on whether the employee is paid hourly or on a salary basis: Hourly Employees: The overtime rate is 1.5 times the regular hourly rate. If an employee's hourly rate is $20, the overtime rate would be $30 per hour ($20 x 1.5). Salaried Employee...