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...
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 ...
Minimum salary threshold increases 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. ...
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...
On average, an individuals salary doubles when he or she crosses the 10-year* experience threshold. This salary would translate into $37.83 per hour, or $6,560 per year. After five to nine years experience, you would make $46.24 per hour, or $8,020 per month. ...
doubled the minimum salary requirements for workers classified as exempt from overtime under the FLSA’s executive, administrative, and professional exemptions.The court held that the DOL overstepped its rulemaking authority by increasing the salary threshold to a point that rendered employees’ duties ...
To Be Or Not To Be (Exempt): Complying With the New FLSA Overtime RulesJoshua F. Alloy