DOL's New Overtime Rule: Final Income Threshold Increase

12-12-2024 11:00 AM EST.

The Department of Labor has recently updated its employee classification rules under the Fair Labor Standards Act (FLSA), impacting millions of workers. The new regulations raise the salary thresholds for overtime exemptions, which means many employees who were previously exempt may now qualify for overtime pay. This change is expected to affect around 4 million workers.

Starting January 1, 2025, the final increase to the income threshold will take effect, and it’s crucial for employers to understand how these updates will impact their business, both legally and practically. Although legal challenges may arise, staying informed and prepared is key to compliance.

In this timely webinar, Jenni Stone will guide employers through the new DOL overtime rule, offering insights into the legal and practical implications of these changes. You’ll also gain practical advice on the steps to take in response to the rule, along with tools and resources to help you stay compliant.

What You'll Learn

During this highly informative webinar, our speaker will discuss:

• New minimum salary thresholds and effective dates
• Highly compensated employee (HCE) compensation
• Updates to minimum thresholds
• Nondiscretionary payments to meet salary thresholds
• Definition of "paid on a salary basis" and permissible deductions
• Primary Duties Test:
• Relevance of the pre-2004 exemption test in the context of the new rule
• Actions employers need to take now