What are the new proposed overtime rules in California?

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For More Details- https//www.complianceprime.c
o m What are the new proposed overtime rules in
California? The wait is finally over! The
Department of Labor (DOL) has introduced new
overtime rules in California. The new rule
system can make many more Americans eligible for
overtime and thereby can cause a hike in the
cost of the employers. These new proposed
overtime rules have received a mixed response
from the people and while some of the people are
appreciating these proposed overtime rules, on
the other hand, some are not on acceptable terms
with them. What is the current law
situation? Under the current law situation, the
employees with salary less than 455 per week or
23,660 annually are eligible to be paid for
overtime, if they are working for more than
40-hours in a week. On 7th March 2019, DOL
introduced new rules, which were long waited for
quite a time. These new rules defined rescind
the rules defined in the year 2016. The current
proposed law Now, with the recent proposed
overtime rules, the standard salary to be
considered for overtime pay has been revised to
679 per week or 35,308 per year. The overtime
eligibility of employees getting salary more
than this would be decided on the basis of the
job duties and responsibilities. During the
development of these overtime rules, DOL received
active participation in the six in-person
listening sessions, which were held around the
nation. All the people who participated or
commented in these sessions agreed on the terms
that the present overtime rules should be
changed or updated for the betterment. What are
the changes proposed in these new
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• rules?
• With these proposed overtime rules, these are
  some of the major changes which are made
• The basic salary eligible to be paid overtime for
  has been revised. The salary which was earlier
  455 per week is now 679 per week
• These rules also made an increase in the total
  annual requirement for compensation available
  for the highly compensated employees from the
  present limit of 100,000 to the new limit of
  147.414 per year
• It also made periodic reviews necessary after
  every 4-years for the regular update of the
  salary threshold
• It also opened provision for the employers to
  make use of the non-discretionary bonuses along
  with the incentive payments and commissions, paid
  annually or on a frequent basis, for the
  satisfaction of 10 of the standard level of the
  salary
• For More Details-
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• The following impact of these new proposed
  rules
• As the following impact, these proposed overtime
  rules would open the bracket for a million
  Americans to be eligible for overtime. With this
  increase in the number of employees eligible for
  overtime, the employers would have to deal with a
  cost hike for their working.
• The impact of these new rules has also made many
  employers revise or audit the entire workforce
  to carefully analyze and identify which employees
  would require adjustment or reclassification of
  their salary under these new regulations of laws.
• These are the following people who will face the
  major impact of these rules

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• Compensation professional
• Professional of Taxes
• Accounting managers
• Professionals of compliance
• Professionals handling the accounts
• Office managers
• Payroll professionals, etc.
• Overall, many people are seen satisfied with the
  proposal of these new rules for overtime. What
  are your opinions about these proposed overtime
  rules? Please comment below and share.
• Also, if you need any further information or want
  to share an update on the topic, then please do
  get in touch with us by writing below. We would
  love to hear from you.

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at-new-proposed-overtime-rules-california-vanya-pa
nde y