The U.S. Department of Labor (DOL) recently released a proposed rule which, if implemented, will alter the minimum salary threshold for the so-called “white collar” exemptions to the minimum wage and overtime requirements of the Fair Labor Standards Act (FLSA). Unveiled on June 30, the proposed regulation would more than double the minimum salary threshold for white collar workers and provide for automatic year-over-year increases.
 
Overview of Proposed rule
 
Under current DOL regulation, employees qualify for one of the executive, administrative or professional exemptions if: (1) they meet the minimum salary threshold; (2) they ...