The 2024 increases to the overtime exemption threshold are vacated nationwide and revert to the prior threshold of just under $36,000. We advised you last month that the Federal Rule increasing the minimums for overtime...more
11/19/2024
/ Department of Labor (DOL) ,
Executive Compensation ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Highly Compensated Employees ,
Minimum Salary ,
Over-Time ,
Secretary of Labor ,
Threshold Requirements ,
Vacated ,
Wage and Hour ,
White-Collar Exemptions
Federal law recognizes that certain “white collar” positions can be exempt from the mandatory payment of overtime compensation if the position in question satisfies certain criteria set forth in federal regulations – a...more