The Department of Labor (DOL) has increased the mandatory salaries
The Department of Labor (DOL) has increased the mandatory salaries
for exempt employees from $23,660 to $47,467. A change such as this has financial impact on businesses of all sizes but especially those that operate on low profit margins.
-Do you agree with the changes from the DOL? If so, why? If not, why?
-Based on this change, what steps can HR take to minimize the financial impact to the organization?
-Part of the amendment is government mandated increases for exempt employees every three years. What issue(s) might that cause?
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