FLSA overtime rule update: Fast facts Want the quick scoop on the DOL new overtime rule? We’ve got you covered: The DOL new overtime rules that was set to begin on July 1, 2024 is now defunct The salary threshold will remain at $35,568 per year ($684 per week) There will...
As the final quarter of 2024 begins, many employers are turning to the year-end review process, while you’re planning for raises, bonuses, and other employee incentives this comp season, you’ll need to account for the new exempt salary threshold that is scheduled to take effect January 1...
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....
Manufacturers complain that the law impedes 12-hour days, 3 days a week. Retailers say they must file complicated paperwork for any exemptions. Some firms reduce base pay to cover the overtime they'll have to pay or try to get the same job done...
Under the new overtime law, nurses in New York State will receive overtime pay for any hours worked beyond their regular working schedule. This new law will significantly impact nurses in New York State as previously, many nurses worked extensive hours without additional overtime compensation as ...
When an employee is paid on a salary, for instance, the regular hourly wage rate is found by dividing the total hours worked during the week into the employee’s total earnings. For example, an employee who (before overtime) earns $500 a workweek for 50 hours of work would have a ...
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The Labor Department estimated that an additional four million lower-paid salary workers would become eligible for overtime protections in the first year under the new rule. An additional 292,900 higher-compensated workers were also expected to get overtime entitlements through separate threshold increa...
It would be a dream for overworked employees everywhere: that checking emails or answering phone calls after working hours might be considered overtime.
A new overtime rule is about to greatly impact the American middle class. The Department of Labor (DOL) has announced an updated regulation that increases the salary threshold for paid overtime from less than $455 per week to $913 per week. Before, salaried workers were only entitled to pa...