DOL Issues Final Rule Increasing Salary Threshold for FLSA Overtime Exemptions

Print Friendly

On April 23, 2024 the Department of Labor issued its final rule that, amongst other things, substantially increases the salary that an executive, administrative or professional exempt employee must be paid to qualify for an exemption under the Fair Labor Standards Act. The DOL estimates that approximately 4 million workers will lose their exempt status and would need to be paid overtime for all hours over 40 worked in a workweek.

To read the FULL article please click HERE.