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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.
10/01/16 - The U.S. House of Representatives approved a measure to delay by six months the Obama administration's rule to extend mandatory overtime to more than 4 million workers, despite a White House promise to veto the bill. The new legislation would provide overtime pay to low paid managers, who currently don't qualify for that. 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 $47,476 annually or $913 per week for a full time worker. This new salary threshold would become effective on December 1, 2016.
08/27/16 - Apple, Facebook. and General Motors, the first U.S. automaker to have a female chief executive officer, are among more than two dozen companies that added their names to a White House pledge to study gender pay gaps among their employees. The agreement signed by 29 companies on Friday includes an annual review of pay by gender at each company, and an examination of hiring and promotion practices for unconscious bias and barriers to women reaching higher-level jobs.
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.
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.