On November 15, a federal court voided the new overtime rule that was going to increase the FLSA salary threshold to $43,888 annually.
SHRM| Overtime Would Become Available to Millions More Employees Under Proposed Rule Brett Coburn is quoted regarding the Department of Labor raising the Fair Labor Standards Act's annual salary-level threshold for overtime requirements. 新闻October 1, 2019 ...
What is the Final Rule? Thefinal ruledetermines which employees qualify for overtime pay. To be exempt from receiving overtime pay, an employee must meet the following requirements: Receive a salary (rather than be paid hourly) Meet a salary threshold ...
Thefinal ruleoutlines which employees qualify for overtime pay. In order to be exempt from receiving overtime pay for all hours worked over 40 during a workweek, an employee must meet the following requirements: Receive a salary (rather than be paid hourly) Meet a salary threshold (recently...
An Important Change in Overtime Regulations for Exempt Employees New overtime rules require that salaried employees making less than a specific amount qualify for, and must be paid for, overtime. The new rule has a higher salary level for exemption from overtime than the previous rule; that...
The final rule raised the salary threshold for salaried employees eligible for overtime from $455 per week to $913 (or $23,660 annually to $47,476). Issued in May 2016, employers had six months to respond before the updates took effect on December 1, 2016. In State of Nevada v. Unit...
Overtime pay is the extra pay rate given to hourly employees who work more than a set number of hours each week! For instance, a person who works 45 hours a week at an hourly rate of $10 would get paid $10 for the first 40 hours and $15 for each additional hour. ...
Starting July 1, 2024, the Department of Labor (DOL) will introduce a significant update to the overtime exemption rule. This change adjusts the minimum salary threshold for “white-collar” and “highly compensated employees,” with automatic updates every three years. For employers, particularly...
The Department of Labor announced a final overtime rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, on April 23, 2024.
implementation of the new Rule should be monitored so the employer can evaluate whether certain employees should be reclassified as non-exempt and whether those employees who continue to perform the work that justifies an exemption should receive a salary increase to satisfy the new salary thresholds...