Webinar:
The New Overtime Rule: Everything You Need to Know Now
Register now and submit your questions to your speakers, Michael Cardman, Emily Scace and Rena Pirsos
2pm ET, Tuesday 14th May 2024
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Register now and submit your questions to your speakers, Michael Cardman, Emily Scace and Rena Pirsos
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When: 2pm ET, Tuesday 14th May 2024
Duration: 60 minutes
Host: Robert Teachout, Legal Editor at Brightmine
This 60-minute webinar will include a Q&A session. Register to join and
submit your
questions in advance.
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The US Department of Labor (DOL) just put out a new rule that will raise the minimum annual salary for most overtime-exempt employees from the current level of $35,568 per year.
These increases will take place in two stages. First, it will go up to $43,888 and then it will go up again to $58,656 – for a total increase of about 65%!
The first increase takes effect very soon, on July 1, 2024. And the second increase is not
too far behind,
taking effect on January 1, 2025. You’ll need to act quickly to identify all of your exempt
employees who
are paid less than these new salary levels and decide whether to:
- Increase their weekly salary to retain their exempt
status;
- Reclassify them as non-exempt and pay them overtime for any overtime
hours worked;
or
- Reclassify them as non-exempt but convert them to hourly
employees.
More about our contributors
Michael Cardman
Senior Legal Editor
Emily Scace
Senior Legal Editor
