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An increasing number of professionals are interested in opportunities outside the U.S. And it's not the typical globetrotter - young and unattached - looking for work overseas. So don't rule yourself out. Check here your Salary Overseas.
01/29/16 - The Obama administration announced plans to start collecting data on the earnings of women and minorities at large U.S. companies in order to address pay discrimination. Under the proposal The Equal Employment Opportunity Commission (EEOC) would require employers with 100 or more employees to provide the agency with detailed wage information, broken down by gender, race and ethnicity. Unlike a similar Labor Department rule proposed earlier, it would apply to all large businesses and not just federal contractors.
The plan, which is expected to take effect in September 2017 does not require congressional approval.
01/25/16 - The U.S. Department of Labor released last year the long awaited proposed overtime rule. According to Lexology the final rule is slated for publication in July 2016. If implemented it would provide overtime pay to low paid managers by 2016, who currently don't qualify for them. At the moment, under the federal law, if an employee makes at least $23,660 per year - or $455 per week - their employer doesn't have to pay them overtime. The new policy would raise that bar to $50,440. Currently, only 8% of salaried workers can count on overtime protection. According to the Economic Policy Institute, the proposed threshold will ensure that at least 44% of all workers are automatically covered by the FLSA’s overtime protections.
Some facts: when federal and state law have different minimum wage rates, the higher standard applies. And tipped workers: your overtime hourly rate can never be less than your minimum wage. Check our minimum wage section.