On November 15, a federal court voided the new overtime rule that was going to increase the FLSA salary threshold to $43,888 annually.
You will have to decide whether to raise their salary to meet the new threshold or convert them to non-exempt status. If you decide to convert them, there are many considerations, and you should work with legal counsel to decide on the best course of action. Additionally, you may want to...
These thresholds are used in part to determine if an employee is eligible for overtime (non-exempt) or not (exempt). Salary level is just one of three tests in determining exemption, but is the key threshold changing. Today, the salary threshold is $35,568/year — meaning if someone i...
Department of Labor’s (DOL) rule raising the minimum salary threshold for the Fair Labor Standards Act’s (FLSA) executive, administrative, and professional (EAP) ... Nov 12, 2024 | Firm News Barton Recognized by New York Chambers Spotlight 2025 Guide for Second Year in a Row Barton LLP...
The article focuses on the guidance regarding tax-exempt employees under the Fair Labor Standards Act (FLSA) cited in opinion letters issued by the U.S. Department of Labor Wage and Hour Division. One letter discusses the right of employers to deduct from the wages of employees for damage ...
The salary threshold for an “exempt” employee under the FLSA executive, administrative, or professional exemption is now $648 per week, or $35,568 annually. This is increase to the previous threshold of $455 a week, or $23,660 annually. The “highly compensate employee” exemption also in...
Are you prepared?The new law took effect on July 1, 2024, and raises the overtime salary threshold for non-exempt staff. This means non-profits have to find ways to mitigate the extra costs. Here’s how the My Hours time-tracking app can help....
salary threshold currently required to satisfy the FLSA’s white collar exemptions, but the increase is significantly less than the increase adopted by theObama Administrationbut struck down in the courts. In addition, the final rule amends the salary-basis test to allow employers to use non...
The Department of Labor has released its long awaited rule updating the regulations governing overtime pay for employees. Under the current regulations, the salary threshold for exemption is $455 per week ($23,660 per year) and the new rules will update that exemption level to the 40th percent...
or the local minimum wage. To determine the employee’s average regular rate, employers can use the Fair Labor Standard Act (FLSA) methods (subject to the six-month rule below) to determine an employee’s regular rate of pay (i.e., combine his or he...