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05-19-2016, 12:00 AM
Are you about to get a raise? New rule promises overtime pay for millions
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President Barack Obama just gave around 4.2 million U.S. workers a raise.
The Labor Department on Wednesday issued a highly anticipated rule that mandates overtime pay for any full-time worker making less than*$47,476 per year, doubling the previous salary ceiling.*
Previously, only salaried workers making less than $23,660 or people working hourly jobs had been guaranteed overtime.***w, any employer with workers putting in more than 40 hours at salaries under $47,476 will be forced to offer overtime.*
The change affects a number of common U.S. jobs. Based on data from the Bureau of Labor Statistics, the average salaries of many teachers, janitors and construction workers fall under the new threshold. Read more... (http://mashable.com/2016/05/18/overtime-rule-obama/)
More about Wages (http://mashable.com/category/wages/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/DCWjNk17FTc
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President Barack Obama just gave around 4.2 million U.S. workers a raise.
The Labor Department on Wednesday issued a highly anticipated rule that mandates overtime pay for any full-time worker making less than*$47,476 per year, doubling the previous salary ceiling.*
Previously, only salaried workers making less than $23,660 or people working hourly jobs had been guaranteed overtime.***w, any employer with workers putting in more than 40 hours at salaries under $47,476 will be forced to offer overtime.*
The change affects a number of common U.S. jobs. Based on data from the Bureau of Labor Statistics, the average salaries of many teachers, janitors and construction workers fall under the new threshold. Read more... (http://mashable.com/2016/05/18/overtime-rule-obama/)
More about Wages (http://mashable.com/category/wages/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/DCWjNk17FTc