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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. Navigating these changes can be complex, but the right staffing software can streamline the process. Who’s Impacted?

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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. Optimize Your Remediation Efforts With Software A quick checklist for employers still in the process of working through the changes includes: Audit current employment structures.

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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

In this blog, review the latest rule changes and learn how SMBs are adapting their operations to meet these new labor requirements. times their regular pay rate for every hour worked after 40 hours in a workweek. Any wage thresholds will be updated every three years, starting July 1, 2027.

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What SMBs Should Know About the 2024 Overtime Rule Salary Threshold

Extensis

In this blog, review the latest rule changes and learn how SMBs are adapting their operations to meet these new labor requirements. times their regular pay rate for every hour worked after 40 hours in a workweek. Any wage thresholds will be updated every three years, starting July 1, 2027.

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New Overtime Rules 2024: What Employers Need to Know

HR Lineup

Under the Fair Labor Standards Act (FLSA) , non-exempt employees are entitled to overtime pay at one and a half times their regular rate for hours worked beyond 40 in a workweek. First Update: The first automatic adjustment is scheduled for January 1, 2027. First Update: The first automatic adjustment is scheduled for January 1, 2027.

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2023 Compensation Budgeting ForecastPart 1: Base Pay Adjustments

Astron Solutions

In fact, it appears that this industry will remain flat until 2027. The Impact of the “Unofficial” Minimum Wage. Unemployment is at record lows (lowest in 50 years), but inflation has also been its highest (hovering between 8% and 9%). Good news – the data are starting to come in regarding 2023! Goldman Sachs also downgraded its U.S.