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ARTICLE · 29 APRIL 2024

DOL Finalizes Substantial Increase To Salary Threshold For FLSA White Collar Exemption

Ogletree, Deakins, Nash, Smoak & Stewart
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On April 23, 2024, the U.S. Department of Labor (DOL) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime exemptions...

United StatesEmployment and HR

On April 23, 2024, the U.S. Department of Labor (DOL) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime exemptions under the Fair Labor Standards Act (FLSA), changing which employees will be entitled to overtime pay and affecting employer compensation structures.

Quick Hits

  • The DOL final rule significantly raises the minimum salaries to qualify for certain FLSA overtime exemptions.
  • The final rule provides for updates to the earnings thresholds every three years based on up-to-date wage data.
  • The final rule calls for an initial threshold increase to take effect by July 1, 2024, and then the full increase to take full effect by January 1, 2025.

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