By JOYCE M. ROSENBERG
AP Business Writer
NEW YORK (AP) -- The new year brings new overtime rules for employers including small businesses and in turn, a pay raise for an estimated 1.3 million workers.
The Labor Department rules that go into effect Jan. 1 raise to $684 per week, or $35,568 a year, the threshold at which employees are exempt from being paid overtime.
That's a 50.3% increase from the previous threshold.
Jobs likely to be affected include shift supervisors or assistant managers at restaurants, retailers and manufacturers.
Companies of all sizes will be affected, but the rules will likely have a greater impact on small companies without the revenue cushion larger businesses have.
