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FLSA Overtime Rule Update

COATS Staffing Software

July 1, 2027 : The threshold will increase again, and there will be another increase every three years. July 1, 2027 : The threshold will increase again, and there will be another increase every three years. Compliance Challenges: Ensuring accurate time tracking and payroll processing becomes even more critical.

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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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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

Quick look: The Department of Labor (DOL)’s new overtime pay rule requires charter and independent schools to review and refine their current strategies to ensure compliance. who exceed 40 hours in a workweek may qualify for overtime pay. Under this rule, eligible employees authorized to work in the U.S.

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DOL Updates FLSA OT Rule: What It Means for Your Pay Equity Efforts

Trusaic

Quick Action Items for Employers The DOL’s new rule should not have caught employers off guard, as the proposal was rolled out in 2023. If employees are newly eligible for overtime, they will need to be trained on timekeeping policies and what constitutes hours worked, etc. Calculate as needed. Calculate as needed.

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Stay Compliant With DOL Changes to Employee Overtime Rules in 2024

LaborSoft

The Fair Labor Standards Act (FLSA) is a federal statute that governs minimum wage, overtime pay, and other matters. States may set a higher minimum wage within their borders, for example, but they cannot set it lower than the FLSA’s level. Certain employees are exempt from the FLSA’s minimum wage and overtime provisions.

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What SMBs Should Know About the 2024 Overtime Rule Salary Threshold

Extensis

Quick look: The new overtime pay rule redefines salary compliance standards for many small- and medium-sized businesses across the country. In this blog, review the latest rule changes and learn how SMBs are adapting their operations to meet these new labor requirements. The rule also raises the minimum total compensation requirement.