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FLSA Overtime Rule Update

COATS Staffing Software

January 1, 2025: The salary threshold rises again to $58,656 per year. The annual compensation requirement for highly compensated employees will also increase to $151,164 on January 1, 2025. Once the new salary levels take effect, these workers will become eligible for overtime pay if they work more than 40 hours per week.

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Unlock Hidden Profit: Maximize your Staffing Agencies Bottom line with Tax Credits

COATS Staffing Software

As we approach 2025, many businesses prioritize efficiency improvements for each new year. Given the potential for future changes, it’s important to note that these tax credits for staffing agencies are available at least through the end of 2025. However, cost reduction and tax credits are often overlooked as primary objectives.

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What’s Next in HR? Top 10 Workplace Trends for 2025

Netchex HR Blog

Here are the top ten HR trends for 2025: 1 – Continuing the HR + AI Revolution With every new year, HR + AI is one of the most talked about HR trends. Here are the top ten HR trends for 2025: 1 – Continuing the HR + AI Revolution With every new year, HR + AI is one of the most talked about HR trends.

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2024 Mid-Year Legal Updates: Understanding the New Federal Overtime Rule 

MP Wired For HR

This update will drastically impact how businesses classify employees and calculate wages. This update will drastically impact how businesses classify employees and calculate wages. Enacted in 1938, the FLSA aimed to improve working conditions and ensure fair wages for American workers. What Constitutes Hours Worked?

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Understanding Time and a Half: Calculations and Common Challenges

Replicon

It mandates that overtime hours, typically those exceeding 40 hours in a workweek, be compensated at a rate of one and a half times the regular pay rate. It mandates that overtime hours, typically those exceeding 40 hours in a workweek, be compensated at a rate of one and a half times the regular pay rate.

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Big Changes for Overtime! What Employers Need to Know About the New DOL Rule 

MP Wired For HR

The Fair Labor Standards Act (FLSA) sets minimum wage and overtime requirements for most U.S. The Fair Labor Standards Act (FLSA) sets minimum wage and overtime requirements for most U.S. Under the current FLSA rules, many salaried workers are exempt from overtime pay, even if they work more than 40 hours a week.

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Charter and Independent Schools Prepare for the Latest Federal Overtime Pay Rule

Extensis

who exceed 40 hours in a workweek may qualify for overtime pay. Keep reading to learn what changes the rule introduces and how charter and independent schools will be affected. The exemption rate will increase again to $151,164 on January 1, 2025. Under this rule, eligible employees authorized to work in the U.S.