All updates of DOL�s Overtime Threshold for 2023

Jerry30 Nov, 2023Education

The Department of Labor's recent adjustment to the exempt salary threshold, moving from $684 per week to $1,059, has significant implications for employees. To be exempt from overtime pay, individuals must now earn $55,068 or more annually. The proposed rule emphasizes the Fair Labor Standards Act's (FLSA) "duties test" as a crucial factor in determining overtime eligibility. This online training will delve into the professional response required from both employers and employees, offering insights into navigating the Department of Labor's overtime pay update. Additionally, it will explore the impact on employees, particularly those affected by changes in exempt status. The discussion will shed light on FLSA's authority in monitoring compliance, providing a comprehensive understanding of the regulatory landscape surrounding overtime pay.