Can Georgia's Small Businesses Afford New Salary Rules? Not Likely
Monday, September 14th, 2015
The public comment period recently closed on a U.S. Department of Labor proposal to dramatically raise the minimum salary threshold for exempt employees. These revisions to the so-called “white collar” exemptions will more than double the minimum salary threshold necessary for an employee to maintain exempt status – from the current $23,660 per year to a projected $50,440.
This is a substantial increase by any measure and tough for businesses to swallow. But in the eyes of many of Georgia’s small businesses, the new rules could be crippling – particularly those outside metro Atlanta or engaged in lower-wage industries such as child care, hospitality and public administration.
