Employers must revert to the prior salary threshold of $107,432 per year for highly compensated employee exemptions. Background: The 2024 Rule The DOL published the 2024 Final Rule on August 30, 2023, proposing its first major update to salary levels for overtime exemptions since 2020. Key ...
In November 2023, NRF submittedcommentsto DOL opposing its proposed rule on overtime regulation. Additionally, NRFcommissionedOxford Economics to analyze the economic effects if implemented, which found that the proposed rule could impact more than 7.2 million workers. As the leading authority and voic...
NYS DOL New Rules for Minimum Wage Increases, Exempt Employee Threshold Take Effect 12/31/16John D. Geelan