The Center for Workplace Compliance (CWC), our affiliated nonprofit membership association, held a members-only web workshop May 7, 2024, to discuss the Labor Department’s new white-collar overtime regulations, which will take effect July 1, 2024.
DOL’s rule increases the minimum amount that a salaried employee must be paid to be exempt from overtime pay—from the current $684 per week to $844 on July 1, 2024, and to $1,128 on January 1, 2025. A white-collar worker who earns less than those amounts will be entitled to overtime pay, regardless of the person’s duties. The regulations also increase the salary threshold for highly compensated employees from $107,432 to $132,964 on July 1, 2024, and to $151,164 on January 1, 2025. The threshold will increase automatically every three years based on inflation.
A recorded version of the web workshop is available on CWC’s website. Topics include employee reclassification, off-the-clock work, job-sharing, incentive pay, sales employees, and transportation worker exemptions.
CWC members can read more here.