New Overtime Rules 2025. Review exempt positions that are currently paid below $844 per week as of july 1, 2024, and $1,128 per week as of jan. Workers by increasing the pay threshold that helps define exempt status.
As a result of the changes, less. Hces who earn under $151,164 will also be eligible.
1, 2025, And Determine What Strategy To Adopt To Comply.
Thatโs up from the current ceiling of $35,568 a year.
Businesses Must Prepare For A Final Rule That Takes Effect On July 1, 2024, With A More Pronounced Change On January 1, 2025.
Key changes to the flsa overtime rules.
1, 2025, Most Salaried Workers Who Make Less Than $1,128 Per Week Will Become Eligible For Overtime Pay.
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As A Result Of The Final Rule, The Minimum Salary Required For Certain Employees To Be Classified As Exempt From Overtime Under Federal Law Will Increase On.
Key changes in the final rule include:
Starting July 1, The Threshold Will Increase From $35,568 To $43,888 Per Year.
Now, that minimum salary threshold has increased to $43,888 per year and will increase even further to $58,656 on january 1, 2025.
Beginning July 1, Salaried Workers Making Up To $43,888 A Year Will Qualify For 1.5 Times Pay If They Work More Than 40 Hours A Week.
