Your Next Steps: How to Comply with the New DOL Overtime Rule
Originally published on June 5, 2024
The wait it over – the Department of Labor has finalized the rule to increase the minimum compensation thresholds for overtime eligibility, and the changes are significant. Beginning July 1, the salary threshold will increase from $35,568 to $43,888 (annual salary) and increase to $58,656 on January 1, 2025. And this is just the beginning. This change impacts millions of workers and employers, and you don’t have much time to review your workforce and make adjustments as necessary to be in compliance.
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