Understanding the DOL Overtime Threshold for 2023 (Communities - Education)

USNetAds > Communities > Education

Item ID 132832022 in Category: Communities - Education

Understanding the DOL Overtime Threshold for 2023

The U.S. Department of Labor is set to increase the exempt salary threshold weekly, moving it from $684 to $1,059. This translates to a yearly earning requirement of $55,068 for employees to be exempt from overtime pay. The modification encompasses the "duties test" of the Fair Labor Standards Act and provides insights into future overtime thresholds for exempt groups. Employers are urged to use this opportunity to proactively assess and strategize, ensuring effective communication of the impact on employees, making decisions that reduce costs without compromising hours or benefits, and adjusting plans to align with the updated regulations. Staying compliant with the Fair Labor Standards Act is paramount, and employers can navigate these changes by taking informed and preemptive measures.

Related Link: Click here to visit item owner's website (0 hit)

Target State: All States
Target City : Delaware
Last Update : Dec 04, 2023 5:04 AM
Number of Views: 44
Item  Owner  : Supreme Trainer
Contact Email:
Contact Phone: +1(315) 367 3577

Friendly reminder: Click here to read some tips.
USNetAds > Communities > Education
 © 2024 USNetAds.com
2024-05-21 (0.389 sec)