How will DOL Impact Your Organization?

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/ How will DOL Impact Your Organization? After a
long wait, the department of labor has released
the new and latest overtime rules. The DOL new
overtime rules are seen to be a big step for
impacting many organizations and working. These
proposed rules will change the presently
available rules and are expected to bring the
desired effective changes. The proposed FLSA
overtime rule will not only impact the present
situation and scenario of the businesses and
organizations but it will also impact the future
of the organizations. Are you aware of the
changes that these new rules will have on your
organization?
Impact on the new rules on the organization The
new rules that caught the attention of everyone
mainly focus on recommending what will be the
best in the interest of their clients and
customers, while providing advice on monetary
matters. It aims that the advisors should take
efforts for deciding the plans and investment
plans which are the most suitable for the
organization so that it can get the maximum
profit and revenue.
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• https//www.complianceprime.com/
• The FLSA overtime rules proposed are so made so
  that the employees may feel satisfied that they
  are being fully and totally compensated for what
  they have been doing. The various pieces of
  advice followed for these rules are for the
  benefit of the employees who work for making
  their organization the best with their overtime
  work.
• Although there are rules for the overtime issues
  of the employees but with the introduction of
  these rules, the whole issue has been expanded
  for the benefit and betterment of the employees
  and organization. Overall, it can be said that
  the new proposed rules by DOL (department of
  labor) will change the way in which the overtime
  issues and compensations were being handled by
  the organization.
• The areas that these new rules will cover
• The new FLSA overtime rule will be the most
  beneficial for the HR managers, payroll managers,
  as well as chief financial managers for better
  planning many aspects of the organization. The
  various areas that would be covered under these
  new rules are as follows
• The various duties test for managerial,
  professional and administrative exemptions
• Proposed salaries for the white-collar exemptions
  along with the highly compensated employees
• Calculation of the minimum salaries of the
  employees
• The needed automatic increase for the future
• To examine and analyze what changes have been
  made in the organization and what all changes
  will be made in the organization after the
  implementation of these new DOL rules
• Other than these, the new rules will also aim at
  the progress of the organization so that the
  employee management activities can be done
  frequently and in the best possible manner.
• The new FLSA overtime rule has captured
  everyone's attention for all the good reasons.
  Are you also excited about these proposed rules?
  What are your opinions about the proposed rules
  in the perspective of employee benefits along
  with the progress of the organization? Please
  comment below, all that what you think of the new
  proposed rules.
• Article Source -
• https//www.linkedin.com/pulse/how-dol-impact-your
  -organization-vanya-pandey