Astute employers are reviewing available options to mitigate the potential economic impact of the imminent release of new federal Fair Labor Standards Act overtime regulations. The Department of Labor estimates that average annualized direct employer costs could total between $239.6 and $255.3 million per year.
While the DOL initially committed to issuing the new FLSA regs by July 2016, some commentators have suggested that the release date could be much sooner. “This is an election year and the DOL wants to push out its agenda before a new regime takes over,” says H. Carlton Hilson, an associate in the Birmingham, Alabama office of Burr & Forman LLP.
