Millions of workers are now eligible for overtime pay following the implementation of a new rule by the Biden administration. The threshold for salaried workers to qualify for overtime pay has been raised from $35,568 to $43,888. This threshold is set to increase again to $58,656 in 2025. The rule, effective July 1, 2024, extends overtime protections to a broader range of employees, including those in executive, administrative, professional, outside sales, and computer roles. The Department of Labor's final rule, titled 'Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees,' aims to ensure fair compensation for millions of salaried workers. However, the new rule does not apply everywhere.
Labor Department Rule Raising Salary Level for Exempt #Employees Takes Effect (For Now) https://t.co/uQrO8IP3HS #employmentlaw #wages @JacksonLewisPC https://t.co/HrWBEPGPS8
A new overtime rule went into effect on July 1. Here's what to know: @sarahdlynch https://t.co/YYPwIs0Knh
Today, our final rule “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees,” which will extend overtime protections for millions of salaried workers, becomes effective. Learn more: https://t.co/9vbVL91zyp https://t.co/KElqAyLqTG
New #DOL #Salary Threshold for Most White-Collar Exemptions Is Now in Effect https://t.co/JDnb72KTdO #employmentlaw #wages @VarnumLaw https://t.co/Xgl7Ohui9d
Overtime pay goes up as new rule takes effect — just not everywhere. Here's what's happening. https://t.co/Eh5VkQWHUt
TODAY millions more workers become eligible for overtime pay under a Biden admin rule. Previously the threshold for salaried workers was less than $35,568. Now it's $43,888. Will expand again to $58,656 in 2025. https://t.co/LqGBqSZsOL