DOL Overtime Threshold in 2023
The Department of Labor is set to make a significant change to the white collar exemption in 2023, impacting millions of American workers. Currently, employees earning $684 per week or more are exempt from receiving overtime pay, but the DOL's proposed update aims to raise this threshold to $1,059 per week, equivalent to an annual income of $55,068. This adjustment will have far-reaching implications, not only for employees but also for employers who must ensure compliance with the Fair Labor Standards Act. As this proposal enters a 60-day public comment period after its publication in the Federal Register, professionals and stakeholders will need to closely monitor developments and prepare to adapt to these impending changes to the white collar exemption and overtime regulations.
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|Target State: Delaware
Target City : Delaware City
Last Update : Oct 04, 2023 3:17 AM
Number of Views: 59
|Item Owner : Supreme Trainer
Contact Phone: 3153673577
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