In a blog post yesterday, Department of Labor (DOL) Secretary Tom Perez announced he has sent his agency’s proposed revamp of the nation’s overtime rules to the Office of Management and Budget (OMB) for review.

Perez gave no details but noted: “The rules governing who is eligible for overtime have eroded over the years. As a result, millions of salaried workers have been left without the guarantee of time and a half pay for the extra hours they spend on the job and away from their families.”

The proposed changes probably will raise the weekly salary of $455 needed to qualify for an overtime exemption and/or increase the percentage-of-time requirements spent on managerial/supervisory work to qualify.

If you own or operate a small to medium-sized business, managing all your employees plus meeting federal labor laws and regulations can be daunting, especially with new rules being issued all the time. To help you understand your rights and responsibilities in every facet of running a business, please order a copy of Personnel Concepts’ All-On-One HR Compliance Program for Small Businesses.