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Starting July 1, most salaried workers who earn less than $844 per week will become eligible for overtime pay under the final rule. And on Jan. 1, 2025, most salaried workers who make less than $1,128 per week will become eligible for overtime pay.
CNN — Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under...
Employees covered by the Fair Labor Standards Act (FLSA) must receive overtime pay for hours worked in excess of 40 in a workweek of at least one and one-half times their regular rates of pay. The FLSA does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest, unless overtime hours are worked on such days.
The U.S. Department of Labor’s (DOL’s) two-part approach to implementing its new overtime rule —establishing one raise of the salary-threshold level on July 1 and another on Jan. 1,...
This fact sheet provides general information concerning the application of the overtime pay provisions of the FLSA . Characteristics. An employer who requires or permits an employee to work overtime is generally required to pay the employee premium pay for such overtime work. Requirements
Biden-Harris administration finalizes rule to increase compensation thresholds for overtime eligibility, expanding protections for millions of workers. Rule ensures salaried workers making less than $58,656 receive fair pay for long hours.
Starting July 1, employers will be required pay overtime to salaried workers who make less than $43,888 a year in certain executive, administrative and professional roles, the Labor Department said Tuesday. That cap will then rise to $58,656 by the start of 2025.
Overtime pay protections are included in the Fair Labor Standards Act (FLSA) to ensure that most workers who put in more than 40 hours a week get paid 1.5 times their regular pay for the extra hours they work. Almost all hourly workers are automatically eligible for overtime pay.
As of 2024, the federal exemption rate for salaried employees in the US is $844 per week or $43,888 annually under the Fair Labor Standards Act (FLSA). This rate applies to employees in executive, administrative, or professional roles, exempting them from overtime pay if they meet the duties criteria.
Under federal law, all nonexempt employees are eligible for overtime pay at one-half times their regular rate of pay —and, as such, if a salaried employee is considered nonexempt, they’re entitled to overtime wages. To be considered exempt from overtime pay, salaried employees must: