New Overtime Rule to be Published in the Federal Register
April 16, 2024 1:44 pmAs most employers know, employees are paid differently based on status: exempt employees and nonexempt employees. Exempt employees are generally... Read More
As most employers know, employees are paid differently based on status: exempt employees and nonexempt employees. Exempt employees are generally... Read More
On Wednesday August 30th, the Department of Labor issued a proposed rule to increase the threshold for salaried workers to... Read More
The Biden Cabinet and other federal agencies are moving forward to act prior to the upcoming election to enact some... Read More
The U.S. Department of Labor recently issued its Final Rule regarding new salary thresholds that will apply to certain exempt white-collar employees starting January 1, 2020. Current thresholds were last updated in 2004, and the new regulations more closely reflect growth in employee earnings, including increasing minimum wage requirements.
On Thursday March 7, 2019, the U.S. Department of Labor (DOL) announced the proposal of a new overtime rule. According to the DOL press release, this rule would now make over 1 million American workers eligible for overtime. The new proposal would raise the salary threshold starting on January 1, 2020 to $679 per week, or roughly $35,308 annually. Currently, the salary threshold is at $455 per week or roughly $23,660 annually. The current salary threshold has been in place since 2004.