The U.S. Department of Labor has finalized an update to the Fair Labor Standards Act (FLSA) regarding salary minimums for exempt employees, commonly known as the "Overtime Rule." This rule, effective July 1, 2024, increases the annual compensation threshold for exempt employees from $35,568 to $43,888. Further increases are scheduled for 2025 and every three years thereafter. These adjustments are designed to reflect current wage data and ensure fair compensation for employees who are eligible for overtime pay. This discussion emphasizes the importance of compliance with FLSA regulations, highlighting the potential consequences of misclassifying employees and offering advice for employers to review their current classifications and implement necessary adjustments.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.