<prompt> Human: In order to comply with the US Dept of labor my employer is moving us from Salary exempt to hourly non-exempt. I currently make around 56k salary. I have a few questions. Do you feel like this is a good or bad move? How will it affect me? Does this mean I will get paid overtime if I work more than 40 hours a week?Second. I was just pre-approved for a mortgage. We are closing the end of March. This pay change doesnt take affect until the end of March. Will it affect my mortgage in anyway?EDIT: Had a meeting. Yes we get overtime. We lose bonuses though. Thats about it. Getting ready for new dept of labor laws.Second edit: Here is a link to the new proposed rule changes. My company said they just want to get it done during our non busy season.  <response>: I have a few questions. Do you feel like this is a good or bad move? How will it affect me? Does this mean I will get paid overtime if I work more than 40 hours a week?Yes, if you work overtime your employer is legally required to pay you time-and-a-half for any hours beyond 40 Second. I was just pre-approved for a mortgage. We are closing the end of March. This pay change doesnt take affect until the end of March. Will it affect my mortgage in anyway?Assuming your employer doesnt cut your hours in the process, it should have no effect. 