DOL new overtime rules 2024 begin on July 1, 2024 Beginning July 1, 2024, the salary threshold increases from $35,568 per year ($684 per week) to $43,888 per year ($844 per week) The annual compensation requirement for highly compensated employees increases from $107,432 per year to ...
June 24, 2024The Burr Broadcast: FLSA Overtime ExemptionLinkedIn Facebook X Send Embed In this episode of The Burr Broadcast, Joe Barnello shares important updates regarding the new rules for overtime exemptions under the FLSA, set to take effect on July 1, 2024. Embed Copy...
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(FLSA), so that he and a proposed class of Division I Football Bowl Subdivision (FBS) football players would be entitled to minimum wage and overtime payments in return for their "work" generating "massive revenues" for their universities, was soundly defeated in federal court on Tuesday, ...
Important Notice for Employers:Significant changes to federal overtime rules were enacted on July 1, 2024. Among other changes, the salary threshold for overtime eligibility increased to $844 per week, meaning more employees now qualify for overtime pay. Review your employee classifications and payr...
BySeyfarth Shaw LLPonJune 7, 2024 Posted inFLSA,Misclassification/Exemptions Terry Vlisidis, Unsplash By:Kevin M. Young Seyfarth Synopsis:With the DOL’s new overtime exemption rule weeks from taking effect, employers must consider the impacts of reclassifying exempt employees. Some potential impacts...