Colorado Employers Grappling with Impact of New Federal Rule on Overtime Pay
The article, “Colorado Employers Grappling with Impact of New Federal Rule on Overtime Pay,” featured in the Denver Business Journal, discussed why it may be too early for Colorado employees to celebrate a new rule meant to help middle-income salaried employees who work overtime.
Todd Fredrickson weighed in on the new overtime pay rule.
The good news about the rule is that employers can use non-discretionary bonuses, incentive payments, and commissions to satisfy up to 10 percent of the new standard salary level, as long as these forms of compensation are paid at least quarterly, he said.
To read the full article, please visit Denver Business Journal.