Human Resources

The long-awaited changes to federal overtime rule will be unveiled later today at an event in Columbus, Ohio, headlined by Vice President Joe Biden, Labor Secretary Thomas Perez and Ohio Senator Sherrod Brown (D). The most notable change is a nearly doubling of the current salary threshold from its current $23,360 to $47,476 under which virtually all workers will be eligible for time and a half pay. The dramatic change would make nearly five million currently exempt employees nationwide eligible and will go into effect Dec. 1.

Veteran Bon-Ton Stores executive Michael Ricart has joined value-priced department store chain Gordman’s Stores as senior vice president of stores.

The chief financial officer of Tiffany & Co. is stepping down. The high-end jeweler disclosed in a regulatary filing that CFO Ralph Nicolette is resigning, effective May 20, 2016. Nicolette, who was appointed to the position In April 2014, is leaving to become CFO of consumer products company Newell Brands Inc. (Newell was formerly known as Newell Rubbermaid.) Prior to Tiffany, Nicolette was CFO of Cigna Corp., and Alberto Culver.

The Department of Labor's (DOL) proposed overtime regulations are one step closer to becoming a reality for the American workforce. On March 14, 2016, the DOL submitted their final version of the regulations to the White House's Office of Management and Budget (OMB) for review, signifying the last step in the regulation becoming law.

Mark Horgan has been named executive vice president and chief investment officer at Brixmor Property Group and been give a wide range of responsibilities as the newest member of a revamped senior leadership team.

Gordmans Stores has appointed Michael F. Ricart senior VP stores, effective May 9, 2016. Ricart joins Gordmans from Bon-Ton Stores Inc. where he was senior VP stores since 2012. He the company in 1999 as a regional VP stores and has held several roles of increasing responsibility during his 16 years tenure. Prior to Bon-Ton Stores, he held multiple positions in buying and store operations at Macy's.

Dollar General Corp. has announced plans to build what will be its 15th fqcility in the discounter’s growing distribution network. The discounter has purchased land in Jackson, Georgia to serve as the location for the new distribution center it plans to construct in the central part of the state.

The Kroger Co. is looking to hire 14,000 associates. The supermarket operator is holding a nationwide hiring event on Saturday, May 14, to fill open jobs across all its store brands. Interested candidates can also apply online at jobs.kroger.com. The openings are for part-time and full-time associates.