On July 6, 2015, the Department of Labor (“DOL”) announced a proposed rule that would extend overtime protections to nearly five million white collar workers within the first year of its implementation. Currently, a convenience store manager, fast food assistant manager, or some office workers may be expected to work 50 or 60 hours a week or more, making less than the poverty level for a family of four, and not receive overtime pay. Although the rules have yet to be finalized, the proposal raises the salary cap on overtime eligibility from $455 per week (or $23,660 per annum) to $970 per week (or $50,440 or annum). The 295-page proposal additionally indicates that the DOL will provide in a final rule revisions to the duties test pursuant to which employers can determine whether their workers are appropriately treated as exempt. Source: Department of Labor Got an interesting Fast Fact for a business audience? Please send and share it with our 1,653 subscribers. Click here to subscribe to Read|Delete and receive fast facts delivered weekly. firstname.lastname@example.org | 301.575.0332 | Biz Tek Today You can also connect with Offit Kurmanvia Facebook,Twitter,Google+,YouTube, and LinkedIn.