Report: Obama seeks to raise OT threshold

Washington, D.C. – President Obama reportedly wants to raise the maximum salary threshold for overtime eligibility for salaried employees. According to Reuters, Obama has directed the Labor Department to raise the current maximum salary level of $455 per week, which covers about 12% of all hourly employees.

Obama also reportedly wants to close what his administration is calling a “loophole” that lets companies classify employees who spend almost all of their time performing non-managerial duties as managers if they perform even minimal management tasks.

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