Going into Overtime: What businesses need to know about new regs

New overtime rules go into effect Dec. 1, and employers need to be prepared for them.

The rules, which were passed by the Department of Labor earlier this year, raise the salary threshold indicating overtime eligibility from $455 per week to $913 per week or $47,476 per year. That means that anyone who makes less than $47,476 per year should be eligible for overtime pay, which is time and a half.

“The first step employers are doing is doing that analysis on their workers to see who falls…