The Department of Labor is proposing a new rule that would extend overtime pay protections for millions of workers—a decision that has businesses worried that it could result in staffing issues.
“The proposed rule would guarantee overtime pay for most salaried workers earning less than $1,059 per week, about $55,000 per year,” the department said in an Aug. 30 statement. Currently, only salaried employees making less than $35,568 per year are eligible for overtime pay.
