Final OT Rule Imposes Higher Salary Threshold in 2 Phases
The Department of Labor (DOL) has released its final overtime rule, bringing mid-year changes and a higher-than-expected salary level increase. It’ll happen in two phases. First, by July 1, 2024, executive, administrative and professional employees will need to earn at least $844 per week ($43,888 annualized) to pass the salary level test. Then, by January […]