Overtime Rule for White Collar Exemptions Coming Sooner than Expected

On March 14, 2016, the U.S. Department of Labor's Wage and Hour Division sent its proposed final rule revising the overtime regulations to the Office of Management and Budget (OMB). This review typically takes between 30 and 90 days. Once the final rule clears OMB review, it will be published in the Federal Register. Based on this new timetable, it's possible that the Final Rule could be effective as early as June 2016.