By Sharon Gold
Last month, the Department of Labor (“DOL”) published a Final Rule that revised certain regulations concerning the Fair Labor Standards Act (“FLSA”) regular rate requirements. The Final Rule is effective January 15, 2020.
Under the FLSA, non-exempt employees must be paid one and a half times their regular rate for overtime. Which bonuses and perks to include in the regular rate has been confusing to employers for decades. Despite the changing workforce of modern benefits and perks of employment, the regulations concerning which perks to include in the regular rate has not been revised in more than fifty years. Continue reading