The U.S. Department of Labor (DOL) has increased the Fair Labor Standards Act's annual salary-level threshold from $35,568 to $58,656. White-collar workers making less than that amount will now need to be paid overtime when they work more than 40 hours in a week. Exempt employees must meet both salary and
duties tests.
In
public comments submitted to the DOL on Nov. 7, 2023, SHRM said it supports regular and reasonable increases to the overtime salary threshold but opposes automatic increases.
Takeaway for employers: The department also will automatically increase the overtime threshold every three years.
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