On April 23, 2024, the U.S. Department of Labor (“DOL”) issued a new Overtime Rule (the “Rule”), 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 expan...
On November 15, 2024, a federal court in Texas ruled that the Department of Labor overstepped its authority. This ruling voided the new overtime rule increase. Here’s what the new ruling means: The July 1, 2024 salary threshold increase to $43,888 annually is void There will be no ad...
The United States threshold for a top 1% salary was$380,000in 2024, for those who worked any number of hours. For those who worked 30+ hours a week, and those who worked 40+ hours a week, the top 1% salary was$400,000. In 2024, what was the threshold for the top 10% salary ...
Increases the highly compensated employee total annual compensation threshold.The final rule also increases the earnings threshold for the highly compensated employee exemption in two phases. Effective July 1, 2024, the total annual compensation requirement for highly compensated employee...
In addition to passing the minimum salary threshold, COMPASS has one more salary criterion – for EP candidates to earn points, they need to meet or exceed the 65th percentile of salaries of Singaporean professionals in their industry or sector. The COMPASS salary criterion is due for an update...
The decision vacated the 2024 DOL overtime rule in its entirety, including the EAP and HCE threshold increases that went into effect on July 1, 2024, and the part of the rule that would have adjusted the salary thresholds every three years base...
Effective October 3, 2020, the Pennsylvania Department of Labor & Industry (L&I) has updated Pennsylvania’s overtime rules to increase the salary threshold for qualifying under the Pennsylvania Minimum Wage Act (PMWA) as an exempt executive, administrative, and professional employee. The rule ...
While the higher minimum wage for fast food employees most clearly has an impact on nonexempt worker wages, it also increases the exempt salary threshold for managers and other salaried employees of covered fast food restaurants. Under California law, employees classified under the “white collar”...
If they are regularly working over 40 hours per week and would be entitled to overtime if classified as non-exempt, then it may be more cost effective to keep those employees classified as exempt and raise their salaries to meet the threshold. However, for employees that work less...
For some, that won’t be a challenge. And for others, it’ll be a feat just to get under the $255 million threshold. The NFL salary cap rose to a record $255.4 million for the 2024 season :: Stephen Lew/USA TODAY Sports So where do each of the 16 NFC teams sit? Let’s break...