Daily Archives: May 23, 2024

New Federal Overtime Rule

Department of Labor Increases Salary Requirements for White-Collar & HCE Exemptions¬† Implementation Deadlines: First phase on July 1, 2024 | Second phase on January 1, 2025¬† ¬† The U.S. Department of Labor [DOL] announced the Final Rule: Restoring and Extending Overtime Protections. The final rule amends the Fair Labor Standards Act regulations by increasing the salary threshold required for executive, administrative, and professional exemptions [referred to as white-collar exemptions). The final rule does not make […]