In April 2024, the Department of Labor announced changes to the rules in the Fair Labor Standards Act that will force employers to increase pay for at least some of their exempt employees.
To be classified as exempt, employees must perform certain job duties and must be paid at or above minimum salary requirements set by the Labor Department. Those minimum salary requirements are increasing from $684 a week to $844 a week on July 1, 2024 and up to $1,128 a week on Jan. 1, 2025.
Overtime rules are part of the Fair Labor Standards Act, enforced by the Department of Labor. While most workers are eligible for overtime pay when they work over 40 hours in a week, there are exceptions. Executives and managers, administrators, professionals, outside sales workers and certain computer-related occupations can be exempt from overtime if they meet specific criteria and are paid at a certain level.
Read the entire article, “Overtime Exemption Changes: What Employers Need to Know”.
