HRComatrix

US Dept of Labor T hat's it! All done and decided: the New Exempt Employee Rule is Out! It is out, giving a little sense of relief because the wait is over and clarifications are made. Relief also for all because the anticipated yearly threshold has been lowered to less than $50,000. This overhaul will affect over  4.3 million current executives according to The White House . As expected, reactions vary and opinions are conflicted, with negative reactions from several in the business community, particularly the retail world . Indeed, it is a dramatic change that somehow misaligns (or aligns? - depending on interpretation -) the US pay philosophy to the European approach , where "cadres" - roughly the equivalent of executives and professionals -  are by definition not entitled to overtime (OT) pay, while  pay increase linked to inflation is granted in one way or another . This marks a huge cultural transition among US workforce. Although it is a rough passage ...

US Dpt of Labor T hat's it! All done and decided: the New Exempt Employee Rule is Out! It is out, giving a little sense of relief because the wait is over and clarifications are made. Relief also for all because the anticipated yearly threshold has been lowered to less than $50,000. This overhaul will affect over  4.3 million current executives according to The White House . As expected, reactions vary and opinions are conflicted, with negative reactions from several in the business community, particularly the retail world . Indeed, it is a dramatic change that somehow misaligns (or aligns? - depending on interpretation -) the US pay philosophy to the European approach , where "cadres" - roughly the equivalent of executives and professionals -  are by definition not entitled to overtime (OT) pay, while  pay increase linked to inflation is granted in one way or another . This marks a huge cultural transition among US workforce. Although it is a rough passage f...