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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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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. New earnings threshold renewal period: Starting July 1, 2027, the earning thresholds will be updated every three years to ensure the fairness of overtime pay.

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2023 Recapped: Our Top 5 HR Blogs for SMBs

Extensis

Quick look: 2023 is coming to a close, a time when many HR professionals review the year’s key trends and what aspects of them may remain relevant in 2024. Another year is almost in the books, and with it came a variety of new human resources (HR) trends. An estimated 3.45

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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. The minimum salary threshold will get another increase on January 1, 2025; at this time, employees earning less than $1,128/week, or $58,656 per year, will be eligible for overtime pay.

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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. The minimum salary threshold will get another increase on January 1, 2025; at this time, employees earning less than $1,128/week, or $58,656 per year, will be eligible for overtime pay.