Big Changes for Overtime! What Employers Need to Know About the New DOL Rule
MP Wired For HR
MAY 21, 2024
January 1, 2025: The minimum salary for an exempt employee shoots up again to $58,656 annually. This means millions of workers who were previously exempt will now be eligible for overtime pay if they work more than 40 hours a week. Key Dates: July 1, 2024: The minimum salary for an exempt employee jumps to $43,888 annually.
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