DOL Announces New Federal Salary Thresholds for Overtime Exemptions
This week the U.S. Department of Labor announced the finalization of a new rule: “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees.” Set to take effect on July 1, 2024, this rule revises the national salary thresholds necessary for these employees to meet the salary threshold portion of the test to be exempt from the overtime and minimum wage provisions of the Fair Labor Standards Act (FLSA). The first increase is from the current $684