Businesses across the country are preparing for a dramatic change in rules regarding overtime pay. Pacific Business News Editor in Chief A. Kam Napier has more on the impact in Hawaii.
In May this year, the U.S. Department of Labor issued a sweeping new rule regarding the issue of overtime for salaried employees. The biggest change is the pay threshold that determines whether a salaried professional employee qualifies for overtime pay, or is exempt from it. That threshold had been just under $24,000. Now it’s $47,476.