Webinar Recap | US DOL's New Salary Exemption Threshold

On April 23rd, 2024 the U.S. Department of Labor (USDOL) issued its final rule amending who is exempt from FLSA's minimum wage and overtime rules as early as July 1st, 2024. The new rule effectively sets up two significant dates for increases and provides for updated thresholds every three years. The USDOL estimates 4.0 million workers will be impacted as part of a $1.5B transfer of wealth from employers to employees in the first year. Our experts reviewed the new requirements and timelines, how to audit your potential impact, and effectively communicate changes.