Apr 30, 2024 | Labor & Employment
Effective July 1, 2024, the required annual salary for a worker to be exempt from the overtime requirements of the FLSA increases to $43,888 (or $844 weekly). Thereafter, effective January 1, 2025, the annual salary requirement will increase to $58,656 (or $1,128...
Apr 30, 2024 | Labor & Employment
Update: In the original post, below we noted that the precise effective date of the FTC rule was unclear. The final rule was published in the Federal Register on May 8, 2024 meaning that the expected effective date is now September 4, 2024. This date is the deadline...
