[Anonymous]

Has anyone looked into this much? I talked to colleague about it yesterday and it essentially sounds like if you don’t make $50,000 a year starting in 2016 then you have to be paid OT. I would assume this would be a big adjustment for a lot of firms in their hiring practices. I get that a lot of firms in big cities (NY, LA, etc.) already pay new hires $50,000+, but most firms in other regions start out staff accountants at $40,000+ and below.

Either these firms will have to adjust the pay scale to move new hires to $50,000+ (and hopefully everyone else gets a market increase) or they will be paying big OT checks during busy seasons.

Thoughts?