A new federal requirement effective December 1, 2016 raises the minimum salary needed to exempt most employees to $47,476 per year. Beyond the doubling of the current level, there are specific job categories or exemptions where overtime rights are considerations.
Source: Veterinary Practice News, November 2016. Cover page, continued on page 28.
It is important to review the exemption categories and also both state and federal laws in determining whether an employee may be exempt from overtime pay. When these laws conflict, the employee is entitled to the greater pay.
INSIGHTS: Our AHD team discussed this new requirement with several industry experts who expressed little concern. We believe it is important that every practice consider this information in the short term. Consider documenting your decision processes regarding exemptions and by individual employee.