The Overtime Rule Would Be Launched in April 2024!
Following up on the recent update, The Department of Labor Overtime Rule has emphasized updating executive, administrative, and professional exemptions under the Fair Labor Standard Act. The regulatory motive of this update is to implement the updates published earlier. The salary threshold for overtime exemptions has been raised from $684 to $1,059 per week. This change is based on the 35th percentile of weekly earnings of full-time salaried workers in the lowest-wage census region. The non monetary impact of this development affects the employees whose current threshold lies between the present and the suggested one. This session will offer an illustrative guide on the Department of Labor Overtime Rule and how professionals can function around the changes with respect to compliance standards.
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