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ARTICLE · 03 MAY 2024

DOL Issues New Rule Raising Minimum Salary Thresholds For Overtime Exemptions

On April 22, 2024, the Department of Labor (DOL) released the final version of a new rule to raise the minimum salary threshold for most employees covered by the so-called white-collar exemptions...

United StatesEmployment and HR

On April 22, 2024, the Department of Labor (DOL) released the final version of a new rule to raise the minimum salary threshold for most employees covered by the so-called white-collar exemptions under the Fair Labor Standard Act (FLSA) and adopt an automatic mechanism that will update the earnings thresholds every three years (the 2024 Rule). The DOL estimates these changes will impact approximately 4 million workers.

The 2024 Rule is scheduled to go into effect on July 1, 2024. It is expected that, like previous rulemaking concerning the minimum salary threshold, the 2024 Rule will face legal challenges, which may result in an injunction barring enforcement of the 2024 Rule before its scheduled effective date.

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