DOL Substantially Increases Exempt Employee Salary Threshold
On April 23, 2024, the U.S. Department of Labor (DOL) announced a final rule updating the salary threshold for employees classified as exempt. Under the Fair Labor Standards Act (FLSA), employees fall into classifications of either exempt or non-exempt from minimum wage and overtime requirements. Non-exempt employees must be paid overtime wages of 1.5 times their regular […]
