Employers should be on alert about the. According to federal estimates, 1 million more workers will become eligible for overtime pay after the july 1 change.
Beginning on july 1, 2025, the minimum salary threshold for being eligible to receive overtime will be raised to $43,888. The change that took effect on monday means that most workers who make under $844 per week should get overtime pay.
The First In A Series Of Major Changes To Overtime Pay Regulations Has Kicked Into Effect Across The Country โ Except In Texas.
The new department of labor (dol) rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay.
Effective July 1, 2025, The Salary Threshold Will Increase To The Equivalent Of An Annual Salary Of $43,888 And Increase To $58,656 On Jan.
On tuesday, april 23, 2025 the united states department of labor issued a much anticipated rule increasing the salary threshold used to determine whether certain.
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To Be Exempted From Overtime And Minimum Wage As A Highly Compensated Employee (โHcpโ), The Final Rule Increases The Amount Of Annual.
The first in a series of major changes to overtime pay regulations has kicked into effect across the country โ except in texas.
Starting July 1, Most Salaried Workers Who Earn Less Than $844 Per Week Will Become Eligible For Overtime Pay Under The Final Rule.