In a Final Rule announced on April 22, the U.S. Department of Labor raised the minimum salary that an employee must receive for the employee to be exempt from overtime pay. Effective July 1, 2024, under the most common...more
The minimum salary necessary to qualify an employee as “exempt” from overtime pay will rise to $684 per week, under a Final Rule announced by the United States Department of Labor. The new salary threshold, an increase from...more
The U. S. Department of Labor has proposed a significant expansion in the number of employees who are eligible for overtime pay by more than doubling the minimum salary requirement needed to qualify as an exempt employee. ...more