On april 23, 2024, the u.s. It will then increase to $58,656 on jan.
It will then increase to $58,656 on jan. 1, 2025, the rule’s new methodology takes effect, resulting in the additional increase.
Unfortunately, This New Overtime Rule Is Just The First Wave Of Changes To Flsa Laws, With Another Adjustment Coming At The Beginning Of 2025.
Department of labor (department) announced a final rule, defining and delimiting the exemptions for executive, administrative, professional, outside sales, and computer employees, which will take effect on july 1, 2024.
The Rule Increases The Minimum Salary Threshold To $43,888 On July 1, 2024, And Then To $58,656 On January 1, 2025.
From 1st january 2025, salaried workers who make less than $1,128 per week ($58,656 per year) must be paid overtime for time worked in excess of 40 hours per week.
Images References :
On April 23, 2024, The United States Department Of Labor (“Dol”) Announced A Final Rule Which Will Raise The Salary Threshold Required To Classify Employees As Exempt From Overtime Pay.
Department of labor’s (dol) final overtime pay rule.
Department Of Labor (Dol) In A Federal District Court In Texas On May 21 Over The Overtime Rule,.
On april 11, 2024, the white house office of information and regulatory affairs (oira) announced it had concluded review of the u.s.