Beginning July 1, 2024, the new DOL rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay. The new overtime rule increases the FLSA salary threshold to $43,888 annually ($844 per week), up from $35,568 ($684 per week). This ne...
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The FLSA also includes regulations on tip credits, allowing employers to count tips received by employees as part of their minimum wage. However, employers must ensure that tipped employees receive at least the federal minimum wage when tips are included. If tips do not meet this threshold, the...
Effective July 1st, 2024, the salary threshold for overtime eligibility has increased to $844 per week (or $43,888 annually). This means more of your employees may now be entitled to overtime pay if they work over 40 hours in a week. ...
Fifth Circuit Ruling: 2019 Salary Threshold Increase Did Not Exceed Authority BySeyfarth Shaw LLP,Ariel D. Fenster,A. Scott Hecker,Noah A. Finkel&Kevin YoungonSeptember 12, 2024 Posted inFair Labor Standards Act,FLSA Seyfarth Synopsis:On September 11, 2024, a panel of the U.S. Court of Ap...