U.S. employers are watching the clock.

With federal rules expanding paid overtime eligibility set to take effect next month, business leaders are making moves to contain future costs, according to a New York Federal Reserve Bank survey.

The new regulation, finalized in May by the Labor Department and scheduled to come into force on Dec. 1, requires employers to pay time and a half to salaried employees earning up to nearly $47,500 annually — about double the current threshold of almost $24,000 — after they work more than 40 hours per week.

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