How Does the New Overtime Rule Impact Highly Compensated ...

DOL New Overtime Rule to Go into Effect July 1

The new rule also increases the salary threshold for the “highly compensated employee” (HCE) exemption. Under the DOL's new rule, the minimum ...

Millions more U.S. workers to be eligible for overtime under final ...

The highly compensated employee exemption provides an employee is exempt from the FLSA's overtime requirements if they are paid the requisite ...

Major Overtime Rule Now in Effect: Is Your Payroll Compliant? - CBIA

The rule also increases the thresholds for the “highly compensated employee” exemption from $107,432 to $132,964 by July 1, 2024, and to ...

Employers Should Prepare For Significant Changes To Federal ...

Beginning January 1, 2025, the “white-collar” exemption salary threshold will increase to $1,128 per week, and the annual compensation threshold for "highly ...

US Department of Labor Substantially Expands Eligibility for ...

The New Numbers ... Under the final rule, the minimum salary for employees under the administrative, executive, and professional exemptions will ...

DOL's New Overtime Rule Significantly Raises Salary Thresholds for ...

The minimum salary for highly compensated employees will rise again on January 1, 2025 to $151,164 per year. Like the salary threshold for “ ...

New Overtime Rule is Scheduled to Go into Effect on July 1, 2024

The rule will also increase the total annual compensation requirement for highly compensated employees (who are not entitled to overtime pay ...

Raising the Rate: DOL Expands Overtime Protections to Millions of ...

However, the 2024 Rule's new salary threshold is higher than what was initially proposed. Soon, millions of additional workers will be eligible ...

DOL Issues Final Rule Increasing Salary Limits for Overtime ...

With respect to the highly compensated employees exemption, beginning July 1, 2024, the final rule will raise the annual compensation threshold ...

New Overtime Exemption Rule: 5 Key Facts You Need to Know - ADP

The minimum total compensation requirement for the exemption for highly compensated employees will increase to $132,964 per year, including at ...

ELI5: The U.S. DOL's new overtime law changes for highly ... - Reddit

If your work met the duties test (not all HR work does) and you were paid a salary under the threshold, you should have received overtime pay ...

U.S. Department of Labor Issues Final Rule Raising Salary ...

The new rule (the “2024 Final Rule”) is the first federal increase to overtime exempt salary thresholds since a rule issued by the DOL in 2019 ( ...

Big pay-level hikes on the way for white-collar overtime exemptions

1, 2025. The rule also changes the methods of setting the standard salary level and the highly compensated employee (HCE) threshold. In addition ...

Department of Labor Raises Minimum Compensation Levels for ...

The first such automatic update will occur on July 1, 2027. The rule does not impact the "duties" portion of the executive, administrative and ...

Department of Labor Issues Final Rule Significantly Raising Salary ...

Highly compensated employees are also exempt from the FLSA's minimum wage and overtime provisions.[4] Under the FLSA, a “highly compensated ...

DOL's Final Rule Increases Salary Thresholds for Overtime Exempt ...

Effective July 1, 2024, the total annual compensation requirement for highly compensated employees will be $132,964. ... Understand how the new ...

Get Ready: New Overtime Rule Is Here - Kleinbard LLC

Effective July 1, 2024, the overtime salary threshold for highly compensated employees will increase to $132,964 (from $107,432 currently).

DOL Increases Compensation Threshold for Exempt Employees

The final rule also increases the total annual compensation threshold required for an employee to qualify for the FLSA's “highly compensated ...

Preparing for the DOL's New Overtime Rule

$107,432 to $143,988 per year for highly compensated employees (HCEs). The rule would also enable the DOL to update the salary levels automatically every three ...

Are Your Pay Practices Compliant with DOL's New Overtime Rule?

1, 2025, the salary threshold will rise to $1,128 (or $58,656 a year). For the HCE exemption, employees must be paid at least the HCE threshold ...