08 July 2024
Labor & Employment Law Perspectives
The Department of Labor Rule Establishing Changes to Overtime Exemptions Is Now in Effect: What Steps Employers Immediately Need to Take to Comply
Employers have been required since August 20, 2023, when the U.S. Department of Labor (DOL) announced a notice of proposed rulemaking, to increase the minimum salary amount required to be paid to qualify for what is known as the “white-collar exemptions” and to consider the required annual compensation to be paid for “highly compensated” employees exempt from the Fair Labor Standards Act’s (FLSA) federal overtime requirements.
