By  on May 18, 2016

WASHINGTON — Labor experts and academics said the federal government’s expansion of overtime eligibility will raise workers’ standard of living, but retailers were less enthusiastic.

Retail experts cautioned that companies will have to adjust to a dramatic change in the way they classify and pay their employees as they try to minimize the additional costs. The Department of Labor’s new overtime regulation, unveiled Tuesday night, will double the salary threshold of workers eligible for overtime pay to $47,476 a year from the current $23,660 a year beginning Dec. 1.

To continue reading this article...

load comments
blog comments powered by Disqus