The U.S. Department of Labor has released a new proposal to update the overtime rules under the Fair Labor Standards Act (FLSA). These rules will replace the proposed rules from 2016 with a more reasonable salary threshold. The proposed overtime rules will raise the salary threshold from $455 per week ($23,660 per year) to $679 per week ($35,308 per year), and the total annual compensation requirement for highly compensated employees will be raised from $100,000 to $147,414. The proposed rule will not include any changes to the duties test. Companies should begin to review employee census data to see which employees/positions will be impacted by this potential change. An analysis of full-time exempt employees who may fall below the new salary thresholds can be reviewed, with cost implications for raising salaries versus paying overtime. In addition, this is a good time to review job descriptions for this population to ensure they accurately describe the duties and responsibilities of the position, and see if they quality for exemption under the duties test.