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Will New DOL Minimum Salary Increase Affect Your Business – Not Anymore! Article

Will New DOL Minimum Salary Increase Affect Your Business – Not Anymore!

Department of Labor

Last month,[1] we posted an article that described the challenge businesses faced due to a Department of Labor (DOL) regulation (the “2024 Rule”) that was set to require employers to raise the minimum salary paid to most exempt employees for a second time in six months. The second phase of the 2024 Rule, which would require a salary of $58,656, was set to become effective on January 1, 2025. Now, thanks to a federal court in Texas employers are no longer required to raise salaries comply this new DOL rule. Last Friday, the Court ruled [2] that the DOL’s 2024 […]

Will the New DOL Minimum Salary Increases Affect Your Business, and Is the Fluctuating Workweek a Viable Alternative Article

Will the New DOL Minimum Salary Increases Affect Your Business, and Is the Fluctuating Workweek a Viable Alternative?

Department of Labor

In the workplace, an employee is considered “exempt” or a “non-exempt” based on the employee’s specific job duties, and the manner and amount of compensation paid.  Only non-exempt employees are eligible for overtime pay according to the Fair Labor Standards Act (“FSLA”).  The Department of Labor’s (DOL) has announced that the minimum salary to qualify for overtime exempt status will increase to $58,656 effective January 1, 2025. For some businesses the only option will be to comply by raising employee salaries to at least this new minimum level.  However, it is not the only option and businesses should consider carefully […]

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