Paylocity’s Post

On May 21, 2024, a pivotal lawsuit was filed against the Department of Labor's (DOL) new overtime rule. This rule, which raises the salary threshold for professional and highly compensated employee exemptions, is set to take effect on July 1, 2024. Read Katherine Witherspoon Fry's latest legal insights to learn how the outcome could significantly impact your business and employees. https://lnkd.in/eAvRqyWv #OvertimeRegulations#OvertimeRules #DOL #LegalNews #OvertimeRegulations #EmploymentLaw

Most employers should start planning now for the proposed $55,000 overtime rule/exempt salary rate increase. At the very least, an audit of the pay structure for each job position is in order (and we always recommend that every couple of years anyway).

The U.S. Department of Labor will propose an increase of the minimum salary threshold for overtime eligibility under the Fair Labor Standards Act to $1,059 per week, or $55,068 per year, the agency announced Wednesday. The proposal outlines an automatic update provision for future overtime thresholds beyond what is included in the proposed rule and would not make changes to the #FLSA’s “duties test” for determining overtime eligibility. #labor #regulation #overtime

A good reminder to employers that in most cases, non-discretionary bonuses, commissions, and other forms of compensation need to be included in a non-exempt employee's wages for overtime calculations. #keepingcurrent #hrstrategies #hrcompliance #wageandhour

The final rule on overtime extensions has been made. The link below contains all the detials you needed to know as an employer. #FLSA #OvertimeRules #DOLFinalRule #EmploymentLaw #HRCompliance https://lnkd.in/e8kFbXci

Another huge change was announced from the DOL that moves the salaried exempt threshold from the current $35,568 to $43,888 as of July 1st and $58,656 as of January 1, 2025. Employees will not be exempt from overtime if they are not paid these significantly higher values. I expect legal challenges to this ruling which may halt the deadlines above, but now is a great time to take a close look at worker classification.

Changes coming! The White House has approved a USDOL rule which would expand overtime pay protections. We expect the final rule to be released any day now and anticipate some time before it becomes effective. Stay tuned for updates as we navigate what comes next and what it means for your business! #overtimerule #payprotections #businessupdate

The Department of Labor issued a press release TODAY on a proposal to restore and extend overtime protections for non-exempt employees making less than $1,059.00 per week. The current non-exempt salary test threshold is $684.00 per week. This could extend overtime protections to an estimated 3.6 million employees. #employeerights #employmentlaw #employee #employmentlawyer

In his Latest From the States update this week, Michael Baer shares his analysis of the first challenges to the Overtime Rule. #overtimerule #flsa #labordepartment #stateoftexas #salarythresholds #dutiestests #courtchallenges #ruling

In his Latest From the States update this week, Michael Baer shares his analysis of the first challenges to the Overtime Rule. #overtimerule #flsa #labordepartment #stateoftexas #salarythresholds #dutiestests #courtchallenges #ruling