In 2016, employers can expect significant changes to federal wage and hour laws as the U.S. Department of Labor (“DOL”) finalizes new regulations related to the payment of overtime under the Fair Labor Standards Act (“FLSA”). The basic premise of the FLSA is that covered, non-exempt employees must be paid overtime for hours worked in excess of 40 hours in a work week at the rate of one and one-half times the employee’s regular rate of pay.