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Similar to SBS FY16 FLSA POST-RULE SELL SHEET 1
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SBS FY16 FLSA POST-RULE SELL SHEET 1
- 1. Fair Labor Standards Act and
Final Overtime Rule
Summary of the Final Overtime Rule
• Salary threshold for certain exempt employees up from $455 to $913 per week or $47,476 annually
• Highly compensated employee’s salary up from $100,000 to $134,004 annually
• Rates subject to automatic increases every three years beginning January 1, 2020
• The effective date of the final rule is December 1, 2016
*Source: Department of Labor.
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For more details, visit http://sbshrs.adpinfo.com/flsa
4.2 Million
The DOL estimates that as many
as 4.2 million workers may need
to be reclassified as a result of
the new rule.
70%*
of employers may not
be in full compliance
with the FLSA
What Options Do Employers Have?
• Reclassify exempt employees to nonexempt and
pay them overtime when they work over 40 hours
in a work week.
• Increase exempt employees’ salaries to at least
$913/week or $47,476 annually or $134,004
annually for highly compensated employees.
How ADP®
Can Help
Tools to Help Employers Understand FLSA
Classifications to Meet Wage and
Hour Requirements.
HR HelpDesk
Our dedicated support team of HR professionals can
help you understand your options and which employees
may be impacted.
Employee Handbook Wizard
Create a comprehensive employee handbook based on
state and federal employment law and include an overtime
policy to help communicate overtime rules to employees
and ensure compliance with wage and hour requirements.
FLSA Toolkit
This HR Toolkit provides best-practice steps you need to
complete and document responsibilities relating to FLSA.
Job Description Wizard
Create custom job descriptions to help support
FLSA exemption classifications.
Compliance Updates
Receive proactive email alerts to help you stay on top of
ever-changing state and federal employment laws, including
updates on the new FLSA rule.
Understand How to Calculate, Track, and
Know When to Pay Employee Overtime.
ADP®
Time Attendance
Easy-to-use web-based time tracking solution that integrates
with payroll and is designed to help reduce errors, improve
efficiency and save time.
• Enhanced Efficiency
Applies your payroll policies and then instantly
calculates the hourly totals including overtime.
• Greater Accuracy
By eliminating manual calculation of hours
worked and re-keying, ADP Time Attendance
helps improve the accuracy of your time and
attendance data.
• Improved Labor and Overtime Insight
Helps you easily analyze labor costs and
make better business decisions with robust
standard reporting.
Michael L Mori
559-730-6446
Michael.L.Mori@ADP.com