October 2024

 

News

New Overtime Exemption Rule- FAQs

In April 2024, the United States Department of Labor (DOL) released a final rule that will increase the minimum salary amount required to be paid to certain employees in order for these employees to be considered exempt from the Fair Labor Standards Act (FLSA) overtime pay requirements. As a result of the final rule, the minimum salary required for certain employees to be classified as exempt from overtime under federal law increased on July 1, 2024 and will increase again on Jan. 1, 2025

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