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On April 23, 2024, the U.S. Department of Labor (DOL) issued its highly anticipated final rule that will raise the standard minimum salary level needed for most white-collar exempt employees on July 1, 2024, and then increase it again beginning January 1, 2025. The final rule will also increase the total compensation minimum for highly […]
The U.S. Department of Labor’s (DOL) new final rule covering how benefits affect employees’ regular rate of pay provides clarity for employers that offer the innovative benefits packages that have become popular in recent years.
The U.S. Department of Labor (DOL) has announced its new regulation outlining who is eligible to collect overtime pay, and it’s a rule expected to be far more palatable to employers than the previous attempt to raise the salary threshold for workers exempt from the Fair Labor Standards Act (FLSA).
As the comment period winds down on a new proposed rule affecting overtime pay, employers need to consider the implications of the proposal that go beyond the U.S. Department of Labor’s (DOL) plan to set a new salary threshold for overtime eligibility.
Now that the U.S. Department of Labor (DOL) has proposed a new rule affecting overtime eligibility—a rule that is more likely to be implemented than the department’s previous attempt—it’s time for employers to begin studying how they classify their employees so they’ll know whether pay raises or classification changes will be in order when a […]
Now that the U.S. Department of Labor (DOL) has made known its plan for a new threshold for overtime eligibility, it’s time for employers to prepare for a $35,308 a year level, attorneys who have been following developments say.
A new rule to determine what workers are eligible to collect overtime pay is likely to be released soon, and it is expected to set an annual salary threshold in the mid-$30,000 range, possibly around $35,000.
According to WorldatWork’s annual Salary Budget Survey, employers in the United States report that the average 2017 total salary increase budget is 3.0%, the same as it has been for the past 3 years. Respondents are planning for a slight increase for 2017 salary increase budgets but only up to 3.1%.
The U.S. Department of Labor (DOL), headed by newly appointed Secretary of Labor Alexander Acosta, has decided not to defend the overtime rule finalized under the Obama Administration. Instead, the DOL will seek to begin a new rulemaking process, likely with a lower salary threshold for exemption.
The U.S. Department of Labor (DOL) has submitted a Request for Information (RFI) regarding the final overtime rule to the Office of Information and Regulatory Affairs (OIRA) for its review. An RFI is an optional step used by governmental agencies when drafting rules in order to obtain public input on whether a new rule or […]