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- The employer classifies one or more employees as exempt from overtime under the executive, administrative or professional employee exemptions from overtime under the FLSA; and The employee’s salary is below the new threshold set by the final rule.
sbshrs.adpinfo.com › blog › new-overtime-exemption-rule-answers-to-your-faqs
2 days ago · On January 1, 2025, EAP-exempt employees must make $1,128 per week or $58,656 per year to continue to be exempt from federal overtime under FLSA. July 1, 2027, and every three years thereafter, these salary thresholds will be evaluated and potentially changed to reflect current earning data.
3 days ago · To be an exempt employee, an employee must meet certain tests regarding their job duties and generally must be paid on a salary basis at least the amount specified in DOL regulations. Effective July 1, 2024, the salary threshold will increase from $35,568 to the equivalent of an annual salary of $43,888, or $844 per week. Employers should ...
1 day ago · New Salary Thresholds for Exempt Employees. Starting July 1, 2024, salaried employees must earn at least $844 per week (equating to $43,888 annually) to be exempt from overtime pay. This threshold will further increase to $1,128 weekly (or $58,656 annually) on January 1, 2025. The highly compensated employee (HCE) exemption threshold will also ...
2 days ago · On April 23, 2024, the United States Department of Labor (“DOL”) released a final rule on overtime exemption. This final rule will increase the minimum salary amount required to be paid to executive, administrative and professional (“EAP”) employees to be considered exempt from the Fair Labor Standards Act (“FLSA”) overtime pay requirements.
3 days ago · 1: Designate all employees as exempt or non-exempt. To determine which employees are exempt or non-exempt from the new overtime requirements, it’s essential to audit each job description and determine if it meets any of the overtime exemptions for executive, administrative, professional, computer, and outside sales employees. Employees can ...
3 days ago · On June 17, 2024, the U.S. Supreme Court announced that it will tackle a 6-1 circuit split and decide an important wage and hour issue for employers: what burden of proof an employer must satisfy to demonstrate that its workers are exempt from the minimum wage and overtime requirements imposed by the Fair Labor Standards Act (“FLSA”).
