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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.
03/18/16 - The U.S. Department of Labor recently published its final rule on overtime regulations. The new legislation provides 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 raises that bar to $47,476 annually or $913 per week for a full time worker. This new salary threshold will become effective on December 1, 2016.
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.