We previously wrote about the U.S. Department of Labor’s 2024 overtime rule that raises the salary basis for overtime exemptions under the Fair Labor Standards Act (FLSA). We explained that this rule was bound to face legal...more
We previously wrote about the final overtime rule issued by the U.S. Department of Labor (DOL) that raises the salary basis for overtime exemptions under the Fair Labor Standards Act (FLSA). One of the key components of that...more
Tuesday, the U.S. Department of Labor (DOL) announced its final overtime rule that completes the rulemaking process announced in August 2023 and raises the salary basis for overtime exemptions under the Fair Labor Standards...more
4/25/2024
/ Compensation & Benefits ,
Department of Labor (DOL) ,
Executive Compensation ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Highly Compensated Employees ,
Minimum Salary ,
Over-Time ,
Salaried Employees ,
Wage and Hour ,
White-Collar Exemptions
On August 30, 2023, the Department of Labor (DOL) issued a proposed rule regarding the Fair Labor Standards Act (FLSA) overtime exemptions, most notably increasing the standard salary threshold for the so-called “white...more
8/31/2023
/ American Samoa ,
Bonuses ,
Compensation ,
Department of Labor (DOL) ,
Employee Assistance Programs ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Highly Compensated Employees ,
Job Duties ,
Motion Picture Industry ,
Over-Time ,
Proposed Rules ,
Wage and Hour
Key points
•The final rule increases the standard salary threshold from $455 per week to $684 per week ($35,568 per year).
•The final rule increases the HCE total annual compensation threshold (the level at which a...more