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On May 18, the U.S. Labor Department (DOL) announced final overtime regulations (warning: the linked regulation is 508 pages!) that specify that most employees earning less than $47,476 per year will be entitled to overtime compensation, regardless of whether they are currently classified as executive, administrative, or professional (white-collar) workers. The new overtime rules take effect on December 1, 2016.
Nonprofits employ about 10% of North Carolina’s workforce, and many are likely to be affected by the new rules. The North Carolina Center for Nonprofits is providing this article to highlight key details about the DOL overtime rules and how they will apply to nonprofits.