On November 15, a federal court voided the new overtime rule that was going to increase the FLSA salary threshold to $43,888 annually.
which raises the salary threshold level for the various overtime exemptions under the Fair Labor Standards Act (“FLSA”). The DOL explained in anews releasethat this Rule would expand overtime protections “to lower-paid salaried workers.” As set forth below, the Rule...
Litigation attorney Peter Hall was quoted in a Society for Human Resource Management (SHRM) article about the potential challenges to the U.S. Department of Labor's proposed overtime rule after it is finalized. The current rule aims to increase the overtime salary-level threshold and has ...
The standard salary level that currently exempts executive, administrative, and professional employees is $844/week or $43,888 annually for full-time staff. However, due to the DOL’s new overtime regulation, this threshold is set to increase on January 1, 2025. Next year, salaried employees...
新聞September 5, 2023 SHRM| Proposed Overtime Rule Likely to Face Court Challenge, but Positions Should Be Audited Anyway Brett Coburn is quoted on the Department of Labor’s raising the Fair Labor Standards Act’s annual salary-level threshold for overtime requirements. ...
Salaried employees who do not meet the criteria for exemption (either because they do not meet the salary threshold or the duties test) are considered nonexempt. Nonexempt salaried employees are eligible for overtime pay. Overtime is calculated based on their regular rate of pay, which is dete...
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 ...
specific amount. The new regulations, effective July 1, 2024, require that exempt employees paid less than $844 a week receive overtime pay. An employer can continue to include non-discretionary bonuses and incentive payments (including commissions) to satisfy up to 10% of the salary threshold....
新聞 September 5, 2023 SHRM | Proposed Overtime Rule Likely to Face Court Challenge, but Positions Should Be Audited Anyway Brett Coburn is quoted on the Department of Labor’s raising the Fair Labor Standards Act’s annual salary-level threshold for overtime requirements. 新聞 August 30, ...
To be classified as exempt, an employee must meet certain salary thresholds and perform specific job duties. As of 2023, the minimum salary threshold for most exempt employees is $684 per week (or $35,568 annually). But just paying someone over that amount doesn’t automatically make them ...