Now Might Be a Good Time to Review FLSA Overtime Exemptions
November 5, 2015
The “white-collar” exemptions under the Fair Labor Standards Act (FLSA) have caused many headaches for employers, including those in the title insurance industry. Title companies of all sizes struggle to apply the regulations to the myriad of job descriptions within the field, and mistakes may prove costly should FLSA or state law litigation ensue. Compounding the problem, the U.S. Department of Labor’s guidance on the issue has been difficult to pin down, as the agency, on a number of occasions, has reversed its position of how the exemptions apply to certain jobs. Adding to the uncertain regulatory climate, the DOL in July issued a proposed rule that would increase the required weekly salary by more than 100 percent to $970 per week, or $50,440 annually, for employees to be exempt from the FLSA’s overtime provisions under most of the “white collar” exemptions.
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