{"id":5481,"date":"2023-09-08T14:24:08","date_gmt":"2023-09-08T18:24:08","guid":{"rendered":"https:\/\/www.lindabury.com\/firm\/?p=5481"},"modified":"2025-02-05T10:32:47","modified_gmt":"2025-02-05T15:32:47","slug":"usdol-proposes-significant-increase-in-the-salary-threshold-for-exempt-employees-how-will-it-affect-your-business","status":"publish","type":"post","link":"https:\/\/www.lindabury.com\/firm\/insights\/usdol-proposes-significant-increase-in-the-salary-threshold-for-exempt-employees-how-will-it-affect-your-business.html","title":{"rendered":"USDOL Proposes Significant Increase in the Salary Threshold for Exempt Employees – How Will it Affect Your Business?"},"content":{"rendered":"

On August 30th<\/sup>, the U.S. Department of Labor (DOL) issued a long-awaited proposed rule that if adopted, will substantially expand the ranks of workers eligible for overtime payments for work in excess of 40 hours, as required by the Fair Labor Standards Act (FLSA).<\/p>\n

Under present FLSA regulations, certain \u201cwhite collar\u201d workers who meet minimum salary requirements and perform specified duties may be classified as \u201cexempt\u201d employees ineligible for overtime.\u00a0 The current salary threshold to qualify for the white collar exemptions is $35,560 annually, and $107,432 for the \u201chighly compensated employee\u201d exemption.\u00a0 The proposed rule would increase that minimum salary threshold to $55,068 per annum, and $149,988 for highly compensated employees.<\/p>\n

How Businesses Will Be Affected
\n<\/strong><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

On August 30th, the U.S. Department of Labor (DOL) issued a long-awaited proposed rule that if adopted, will substantially expand the ranks of workers eligible for overtime payments for work in excess of 40 hours, as required by the Fair Labor Standards Act (FLSA). Under present FLSA regulations, certain \u201cwhite collar\u201d workers who meet minimum […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[65,247],"tags":[],"coauthors":[139],"class_list":["post-5481","post","type-post","status-publish","format-standard","hentry","category-insights","category-labor-employment-insights"],"acf":[],"yoast_head":"\nUSDOL Proposes Significant Increase in the Salary Threshold for Exempt Employees - How Will it Affect Your Business? — September 8, 2023 — Lindabury, McCormick, Estabrook & Cooper, P.C. 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