In May 2016, the Department of Labor finalized new rules governing which employees are eligible for overtime pay. Under the new rules, any employee earning less than $47,476 per year ($913 per week) is entitled to overtime pay (at least 1.5 times their normal salary) for all hours worked per week in excess of 40. Nondiscretionary bonuses may count toward up to 10 percent of an employee’s salary if they are paid on a quarterly or more frequent basis.
The new salary threshold will go into effect Dec. 1, 2016. More