On March 14, 2016, the Office of Management and Budget (OMB) received final changes for proposed revisions to the federal wage & hour law from the Department of Labor (DOL).
One former DOL wage & hour administrator believes the rule will move quickly and may be published as early as July 7. That date would make new regulations effective on Labor Day, September 5 (60 days from the date of publication in the Federal Register). An alternative view anticipates publication just before Labor Day with an effective date just prior to Election Day.
Regardless, it is as important as ever – and now is a good time – to review your compensation practices to plan for likely changes that may be required by these updates.
(More information in the October 22, 2015, post on this site.)