Plan Now or Pay Later: How the DOL Overtime Rules Will Impact Your Business
Originally published on September 21, 2023
Updated on December 19th, 2024
The Department of Labor (DOL) recently issued their long-awaited proposed update to the Fair Labor Standards Act (FLSA) overtime exemptions. This update will significantly increase the minimum salary threshold for exempt employees – from $684 per week to $1,059 per week. As a result, overtime pay protections will be extended to an additional 3.6 million lower-paid salaried workers. In this session, we will:
– Provide an overview of the FLSA and who is covered;
– Review the three tests that an employee must meet to be considered exempt;
– Discuss the DOL’s proposed update and how that will impact your business; and,
– Learn what you need to do NOW to plan and prepare.
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