DOL’s New “Salary Threshold” Overtime Rule: Employer Impact and Response Considerations for 2024

On April 23, 2024, the U.S. Department of Labor (DOL) published its final rule increasing salary threshold amounts required for certain employees to be “exempt” from federal Fair Labor Standards Act (FLSA) overtime requirements. By expanding the effective scope of who is and is not required to be paid federal overtime for hours worked over 40 in a workweek, the final rule will have a significant impact on employer operations and budgets nationwide - with changes effective beginning on July 1, 2024.
Download slides: media.mcguirew...
More information: www.mcguirewoo...
Videos may include attorney advertising and aren’t legal advice/opinion. Prior successes ≠ future results.
© 2024 McGuireWoods LLP. All rights reserved.

[@tonycalitri8310]

This is trickle down economics in its finest form. Reward those who put in the extra effort with pay.

[@tonycalitri8310]

Having millions of additional employees eligible for OT pay is one way to make a dent in the budget deficit and would also increase the funding for Medicare and Social Security.