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May 27, 2016

Americas: 3 Things Meeting Professionals Should Know About the New Overtime Law

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Last week, the President and the Secretary of the Department of Labor ushered in a new rule that almost doubles the salary threshold for overtime pay from $23,360 to $47,476 per year. With “event coordinator” clocking in at a median of $46,490, according to Forbes, this means event professionals could very well find themselves among the 4 million or more who are trying to figure out what this could mean for them.

overtimeI asked a friend who is a long-time human resources professional to break down for me what the possible scenarios could be for people in the hot zone between the old threshold of hourly workers who had been eligible for time and a half overtime pay and those who made over that amount and had been considered exempt employees until now. Of course, nothing is cut-and-dried, but here are a few key points to think about:

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