Employers Are Calling Their Lawyers as Overtime Rule Revisions Loom
"You need to stay up to the minute on developments," said Mark S. Goldstein, a labor and employment lawyer at Reed Smith. "We have to be able to be flexible and pivot quite quickly, with the patchwork of employment laws at the state and local level."
June 14, 2024 at 05:45 PM
4 minute read
A revision to overtime rules from the U.S. Department of Labor is posing strategic challenges to employers.
Beginning on July 1, the Department of Labor will enact the first in a series of increases in the salary threshold that must be met for employees to be exempt from overtime pay under the Fair Labor Standards Act or FLSA.
The government estimates that the July increase, and another set to take effect in 2025, will make 4 million workers newly eligible for overtime.
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