http://fortune.com/2016/11/29/overtime-rules-limbo/
Months ago, business owner Michael Brey had an uncomfortable conversation with seven of his employees. Based on the new overtime rules issued by the Department of Labor in May, he told them he needed to shift them to an hourly work schedule from salaried positions.
Brey, who is president and owner of Hobby Works, a 35-employee gift and hobby store in Laurel, Md., says keeping those workers salaried would have cost him as much an $35,000 under the revised regulation–roughly equivalent to adding another employee.
Now it seems those conversations were all for naught. Last Tuesday, a federal judge in Texas granted a preliminary injunctionagainst the rule. That means a new salary threshold for overtime that would have nearly doubled to $47,476 the level that’s been in place since 2004, will not go into effect on December 1, as it was slated to do.
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