Department of labor (dol) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime. On april 24, 2024, the us department of labor (dol) announced the highly anticipated revisions to the salary thresholds for the fair labor standards act’s (flsa’s).
Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act (flsa) overtime. On tuesday, april 23, 2024, the u.s.
The Rule Revises The Regulations Issued Under The Fair Labor Standards Act (Flsa) That Implement The Exemptions From Minimum Wage And Overtime Pay.
Department of labor (“dol”) published the final version of a rule originally proposed in september 2023, raising the salary.
On July 1, Most Salaried Workers Earning Less Than $844 Per Week Will Become Eligible For Overtime Pay.
Today, an employee must earn at least $684 per week (about $35,568 per year) to be exempt.
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The Rule Revises The Regulations Issued Under The Fair Labor Standards Act (Flsa) That Implement The Exemptions From Minimum Wage And Overtime Pay.
On april 24, 2024, the us department of labor (dol) announced the highly anticipated revisions to the salary thresholds for the fair labor standards act’s (flsa’s).
However, Section 13(A)(1) Of The Flsa Provides An Exemption From Both Minimum Wage And Overtime Pay For Employees Employed As Bona Fide Executive, Administrative,.
Some workers are specifically exempt from the flsa’s minimum wage and overtime protections, including bona fide executive, administrative or professional.