New federal rules about overtime pay go in effect this December. And that could mean big changes for many island businesses. Pacific Business News Editor in Chief A. Kam Napier has more.
On December 1st, the U.S. Department of Labor will raise the threshold for overtime pay from $23,660 to $47,476. Most people associate overtime pay with hourly workers, not salaried employees, who earn a flat annual amount regardless of how many hours worked. But this rule is aimed right at those salaried employees.