How the new overtime rules will affect restaurants

Since 2004, the annual overtime threshold had remained at a constant $23,660, but that's all about to change in December 2016. The US Department of Labor handed down new rules that will make more than a third of full-time salaried employees eligible for overtime. The National Retail Federation estimates the changes will cost retail and restaurants $745 million to comply.

Here's a simple to understand overview of what you need to know -- in under a minute.

The US Department of Labor just announced new overtime rules which will make more than a third of full-time salaried employees eligible for OT pay. Find out who now qualifies when the rules go into effect this December. ADDITIONAL RESOURCES: - http://www.fastcompany.com/3060032/heres-how-the-new-overtime-law-will-affect-you - http://www.eater.com/2016/5/18/11696664/obama-overtime-labor-laws - http://nrn.com/hr-training/how-restaurants-can-navigate-new-overtime-rules

More resources on the DoL's new overtime rules

• Here's how the new overtime law will affect you
• Obama's new OT rules will give restaurant workers much-deserved raises
• How restaurants can navigate new overtime rules