Department of Labor Issues Final Rule On Overtime Exempt Salary Threshold

Aug 27, 2022
Blog

Introduction

Welcome to Jacques H Geisenberger, Jr PC, the leading provider of consulting and analytical services in the Business and Consumer Services industry. We specialize in keeping you informed about the latest developments, and today we bring you important news regarding the Department of Labor's final rule on overtime exempt salary threshold.

What is the Department of Labor's Final Rule?

The Department of Labor (DOL) recently issued a final rule that updates and increases the salary threshold for employees to qualify under the Fair Labor Standards Act (FLSA) overtime regulations. The previous threshold, which was set in 2004, has been significantly updated to ensure fair compensation for eligible employees.

Key Changes in the Final Rule

The updated final rule introduces the following changes:

1. Increased Salary Threshold

The final rule raises the standard salary threshold for overtime exemption from $23,660 per year ($455 per week) to $35,568 per year ($684 per week). This means that employees earning less than the new threshold will be eligible for overtime pay.

2. Higher Annual Compensation Requirement for Highly Compensated Employees

The final rule also raises the total annual compensation requirement for highly compensated employees from $100,000 to $107,432. This change broadens the scope of employees eligible for overtime pay and ensures fair treatment for a larger segment of the workforce.

3. Future Updates to the Thresholds

The DOL has implemented a mechanism to update the salary thresholds more regularly. The thresholds will be subject to review every three years, ensuring that they keep pace with inflation and economic realities. This update is crucial for maintaining the fairness and effectiveness of overtime regulations over time.

Implications for Employers

With the new rule in effect, employers need to review their workforce and ensure compliance with the updated salary thresholds. Companies must identify employees who will now qualify for overtime pay and make the necessary adjustments to their compensation policies.

How We Can Help

At Jacques H Geisenberger, Jr PC, we understand the complexity of employment regulations and their impact on businesses. Our expert consulting and analytical services are tailored to help you navigate the changing landscape. We can assist you in:

1. Compliance Assessment

We provide comprehensive compliance assessments to evaluate your current practices and ensure adherence to the latest regulations. Our team of experts will analyze your employee classifications, pay structures, and policies to identify any areas of non-compliance or potential risks.

2. Policy Development

Our experienced consultants can assist you in developing and implementing effective policies that align with the overtime regulations. We will work closely with you to customize policies that suit your specific business needs while ensuring compliance with the DOL's requirements.

3. Employee Classification

Proper employee classification is crucial to determine eligibility for overtime pay. We offer detailed analyses to help you correctly classify your employees based on job duties, responsibilities, and salary levels. Our expertise in this area will ensure accurate classification and minimize potential legal risks.

4. Training and Education

Our team can provide informative training sessions to educate your HR staff and supervisors about the updated regulations. We will equip your team with the knowledge and tools necessary to handle the changes effectively, reducing the likelihood of non-compliance.

Contact Us Today

Stay ahead of the curve and ensure compliance with the Department of Labor's final rule on overtime exempt salary thresholds. Jacques H Geisenberger, Jr PC is here to support your business in the ever-changing landscape of employment regulations. Contact us today to schedule a consultation and let our expertise work for you.

Jessica Facchin
The impacts of this rule change will be felt across all levels of the workforce.
Oct 30, 2023
Richard Park
This rule change emphasizes the ethical responsibility of businesses towards their employees.
Oct 25, 2023
Adela Martinez
The changes will necessitate close collaboration between HR and finance departments.
Oct 19, 2023
Galen Piltz
Employers will need to ensure compliance with the new overtime exempt salary threshold.
Oct 18, 2023
Marko Markovic
I'm intrigued to see the impact of this change on employee morale and productivity.
Oct 18, 2023
Michael Abraham
This is a crucial update on the Department of Labor's new rule on overtime exempt salary thresholds. Don't miss it! 💼💸
Oct 16, 2023
Jalen Lubbers
This will definitely make employers reconsider their compensation structures.
Oct 15, 2023
Ross W
This rule change will require businesses to reexamine their workforce management strategies.
Oct 14, 2023
Henning Karlsen
I hope this results in improved financial security and stability for workers.
Oct 13, 2023
George Grant
I appreciate the effort to shed light on this significant change in labor legislation.
Oct 12, 2023
Casey Klaus
The impact of this rule change will extend beyond HR and payroll departments.
Oct 11, 2023
Preeti Shrivastav
Businesses will need to invest time in understanding the implications of this rule change.
Oct 5, 2023
Candidate
It's important for companies to understand the cost implications of meeting the new salary threshold.
Oct 4, 2023
Khonexay Xayyalath
Businesses will need to adapt quickly to comply with the revised overtime exempt salary threshold.
Oct 4, 2023
Heath Eskalyo
This will undoubtedly prompt businesses to reassess their employee retention strategies.
Oct 4, 2023
Kyle Anderson
I'm interested in understanding the implications of this change on employee career growth and development.
Oct 3, 2023
Timothy Hill
The updated salary threshold is a great step towards ensuring fair pay for employees.
Sep 25, 2023
Cecile Martin
The ripple effects of this rule change will be interesting to observe.
Sep 18, 2023
Stacey Fleming
This development will certainly prompt discussions on equitable pay practices.
Sep 18, 2023
Gary Wilde
I hope this fosters a more supportive and empowering work environment for employees.
Sep 18, 2023
Melshor Essomassor
I'm intrigued to see how businesses will navigate the practical implications of these changes.
Sep 15, 2023
Eleonora Salkovskaya
This rule seems to address some of the concerns regarding overtime exemptions.
Sep 13, 2023
William Kelly
I'm curious to see how businesses will adjust to accommodate the updated salary threshold.
Sep 9, 2023
Joe Joekrynski
I'm looking forward to seeing how companies adjust to comply with the new regulations.
Sep 7, 2023
Lindsey Kraft
The impact of these changes will be felt across various industries.
Aug 30, 2023
Gretchen Snediker
This is a step in the right direction towards promoting equality in the workplace.
Aug 30, 2023
Rosa Augusto
This highlights the evolving nature of employment laws and regulations.
Aug 20, 2023
Kim Hurt
Thank you for highlighting the significance of this rule change in the labor landscape.
Aug 13, 2023
Allison Tobin
I'm curious to see how these changes will impact the gig economy.
Aug 13, 2023
Kathryn Pizzi
The increased threshold aims to address longstanding issues related to worker compensation.
Aug 13, 2023
Tina Bjork
It's crucial for employees to understand how these changes might affect their pay and benefits.
Aug 8, 2023
Ron Graham
The increased threshold will undoubtedly have a significant impact on employer decision-making.
Aug 8, 2023
Nathan Switzer
Thank you for providing comprehensive coverage of this significant labor regulation update.
Aug 3, 2023
Ramkumar Vijayaram
The updated threshold will require careful review of employee classifications and compensation.
Aug 1, 2023
Antonio Perez
I hope this paves the way for greater financial security and stability for workers.
Jul 26, 2023
Amnon Kohen
The increased threshold will prompt businesses to reevaluate their financial planning and budgets.
Jul 25, 2023
Nick Howard
Thank you for highlighting the importance of staying informed about labor regulations.
Jul 20, 2023
Ruth McPherson
The impacts of this rule change will be important considerations for human resource planning.
Jul 17, 2023
Jian Chionh
I'm glad to see the Department of Labor taking action to protect workers' rights.
Jul 11, 2023
Juan Junior
It's important for businesses to stay updated on overtime exempt salary regulations to remain compliant.
Jul 6, 2023
David Weaver
It's crucial for businesses to understand the implications of these regulatory changes.
Jul 5, 2023
Stuart Daughtridge
This rule change emphasizes the importance of fair and just compensation for all workers.
Jul 3, 2023
Jason Aaron
The updated threshold reflects a commitment to ensuring fair and just compensation for employees.
Jul 3, 2023
Amy McIntosh
The increased threshold will likely prompt a reevaluation of employee salary structures.
Jul 2, 2023
Donna Madden
This rule change will impact the way businesses structure their compensation plans.
Jun 26, 2023
Matt Kittrell
It's essential for businesses to integrate these changes into their human resource policies.
Jun 21, 2023
Amanda Pritchett
I appreciate the effort to keep us informed about important regulatory changes.
Jun 15, 2023
Sandy Carvalho
The updated threshold will likely prompt discussions on industry-wide compensation practices.
Jun 13, 2023
Scott Norrick
This development underscores the need for businesses to prioritize employee financial stability.
May 31, 2023
Place Holder
I'm intrigued to see how businesses will integrate these changes into their organizational cultures.
May 27, 2023
Cristian Matei
I'm glad to see the focus on enhancing worker protections and fair compensation.
May 26, 2023
Greg Autry
I hope this leads to a more balanced and fair approach to employee pay.
May 19, 2023
Venita Settlers
I hope this leads to more equitable compensation practices in the workplace.
May 17, 2023
Andy White
The new threshold will require businesses to align their compensation policies with the updated regulations.
May 16, 2023
Krysten Bean
This development will surely have wide-ranging effects on employment practices.
May 9, 2023
Roland Jahnigen
I'm curious to see the effects of these changes on employee retention and satisfaction.
Apr 30, 2023
,
I'm looking forward to seeing the practical implications of this rule change.
Apr 28, 2023
Rob Tavares
It's crucial for businesses to prioritize honesty and fairness in their compensation systems.
Apr 21, 2023
Jeff Farewell
This development underscores the evolving responsibility of businesses towards their employees.
Apr 16, 2023
Anna Chrysovergis
It's crucial for businesses to communicate these changes effectively to their employees.
Apr 9, 2023
Hank Reimer
Businesses will need to act swiftly to ensure compliance with the revised overtime exempt salary threshold.
Apr 8, 2023
Yaron Dekel
This underscores the need for ongoing education and awareness about labor laws.
Apr 4, 2023
Kim Burkett
I hope this prompts more meaningful discussions about fair compensation and employee rights.
Apr 3, 2023
Laura Ford
Thank you for bringing attention to this significant development in labor regulations.
Apr 3, 2023
Scott Jones
I'm eager to see how businesses navigate the balance between compliance and financial feasibility.
Mar 27, 2023
Ben Givarz
This rule will prompt many businesses to reevaluate their payroll processes.
Mar 24, 2023
Kate Nau
The new overtime exempt salary threshold will impact many businesses and employees.
Mar 18, 2023
Jay Defrank
Kudos to the Department of Labor for taking these important steps to protect workers.
Mar 10, 2023
Aswin Nair
It's essential for businesses to approach these changes with compassion and understanding.
Mar 3, 2023
Jay Marbarger
The changes will necessitate a thorough review of employee compensation structures.
Mar 1, 2023
Rene del Cid
I'm excited to see how this will reshape the dynamics of employee compensation.
Feb 27, 2023
Renu Janjam
Thank you for providing insights into this critical aspect of labor regulations.
Feb 21, 2023
Elizabeth Finkler-Hanasaki
Thank you for highlighting the importance of staying informed about labor regulation updates.
Feb 14, 2023
Jules Bianchi
The impacts of this rule change will be substantial and far-reaching.
Feb 11, 2023
Grant Russell
The new threshold signals a shift towards recognizing the value of employee contributions.
Feb 9, 2023
Peter Pastore
I hope this leads to greater transparency and fairness in wage structures.
Feb 6, 2023
Dennis Groelu
The increased salary threshold reflects the changing economic landscape.
Feb 3, 2023
Lisa Crook
The increased salary threshold will likely prompt an industry-wide shift in compensation practices.
Feb 3, 2023
Chris Martinez
The updated threshold sends a strong message about the value of employee contributions.
Jan 31, 2023
Talkdesk
I'm eager to see how businesses will incorporate these changes into their employee management strategies.
Jan 31, 2023
April Legnosky
Businesses will have to reassess their compensation strategies in light of this rule.
Jan 28, 2023
Robert Dziedzic
This development highlights the evolving nature of employment laws.
Jan 24, 2023
No No
This rule change underscores the need for businesses to prioritize fair compensation practices.
Jan 23, 2023
Stuart Leak
I'm intrigued to see how this will influence workplace dynamics and employee satisfaction.
Jan 21, 2023
Ron Mollozzi
The changes will prompt a fundamental shift in businesses' approach to employee compensation.
Jan 21, 2023
Christopher Jensen
The increased threshold will necessitate recalibration of payroll and budgeting processes.
Jan 19, 2023
Lena Stark
This will undoubtedly spark conversations about fair pay and employee rights.
Jan 17, 2023
Alec Satterly
The new threshold underscores the need for businesses to prioritize employee well-being.
Jan 10, 2023
Erdogan Altas
I hope this measure brings positive changes to employment practices and worker compensation.
Jan 9, 2023
Jon Campbell
The new threshold will necessitate thoughtful reconsideration of employee compensation packages.
Jan 8, 2023
Vicki Canterbury
Understanding the implications of this rule change is crucial for both employers and employees.
Jan 4, 2023
Ilene Eisen
The increased threshold signals a positive shift in labor regulations.
Dec 26, 2022
Donna Pilkenton
The impact of this rule change will be felt at every level of the workforce.
Dec 26, 2022
Ted Smith
This will prompt businesses to rethink their approach to employee compensation.
Dec 24, 2022
Andy Twigg
It's important for businesses to approach these changes with sensitivity and fairness.
Dec 23, 2022
Leo Torres
It's important for employees to stay informed about their rights and entitlements.
Dec 23, 2022
Travis Allen
It's important for employees to be aware of their rights and entitlements under these new regulations.
Dec 18, 2022
Fresenbet Gebremedhin
This rule change will prompt businesses to revisit their employee benefit programs.
Dec 16, 2022
Tivan Amour
The increased threshold is a step in the right direction for ensuring fair wages.
Dec 13, 2022
Nicole Cashman
It's crucial for businesses to ensure a smooth transition to comply with the updated regulations.
Dec 9, 2022
jackpot37 jackpot37
The increased threshold will prompt a fundamental shift in how businesses approach compensation.
Dec 2, 2022
Aaron Lafferty
Keeping abreast of Department of Labor updates is crucial for HR and payroll professionals.
Nov 30, 2022
Jeff Hipshman
I'm interested in seeing the implications of the updated overtime exempt salary threshold.
Nov 24, 2022
Steve Bieda
The changes will require careful consideration and analysis by HR professionals.
Nov 24, 2022
Malgorzata Gil
I hope this contributes to a more equitable and supportive work environment.
Nov 16, 2022
John Kassab
I'm interested in learning more about how this will impact small businesses.
Nov 11, 2022
Ajeya Vempati
This highlights the need for ongoing education and awareness about labor laws and regulations.
Nov 4, 2022
Dan Nelson
This highlights the evolving landscape of labor laws and employee rights.
Nov 3, 2022
Bob McGovern
I hope this change leads to enhanced financial security and stability for workers.
Nov 2, 2022
Andrew Garcia
I appreciate the effort to keep us informed on this pivotal change in labor laws.
Nov 1, 2022
Lucia Zavala
It's important for businesses to adapt to these changes and ensure fairness in their compensation policies.
Nov 1, 2022
Chris Diguardi
It's essential for businesses to prioritize fairness and equity in their compensation policies.
Oct 28, 2022
Chris Denis
The increased threshold will prompt employers to rethink their compensation philosophies.
Oct 22, 2022
Err Rqr
The updated threshold emphasizes the need for fair and reasonable compensation.
Oct 12, 2022
Yuka Sakabe
I hope this paves the way for more inclusive and supportive workplace cultures.
Oct 7, 2022
Krissy
I'm intrigued to see how businesses will balance compliance with the new threshold and financial sustainability.
Oct 6, 2022
Christopher Hesse
I'm hopeful that this will lead to improved job satisfaction and financial well-being for employees.
Oct 6, 2022
Annette Fox
I hope this results in the promotion of more inclusive and supportive workplace cultures.
Oct 4, 2022
Pankaj Adhikari
This is an important step towards protecting workers' financial well-being.
Sep 28, 2022
Louise Guryan
I'm intrigued to see how businesses navigate the practical implications of this rule change.
Sep 23, 2022
William Evans
Businesses will need to adapt swiftly to comply with the new regulations.
Sep 17, 2022
Tim Ryan
I hope this encourages a more transparent and equitable compensation structure in workplaces.
Sep 15, 2022
Sharon Tawlks
I'm interested in understanding the implications for freelancers and independent contractors.
Sep 14, 2022
Athina Papaemmanouil
Thank you for providing valuable information about this significant regulatory update.
Sep 9, 2022
Kim Maychuk
Employers should prioritize clear communication about the impact of these changes on employees.
Sep 8, 2022
Sarath Byreddy
This will necessitate careful review and adjustment of employee salary structures.
Sep 7, 2022
Arthur Name
I'm curious to see how this will impact employment dynamics in various sectors.
Sep 5, 2022
Josh Seguin
This will require thorough analysis and review by legal and compliance teams.
Sep 2, 2022
Diana Heaton
The impacts of this rule change will be far-reaching and influential.
Aug 30, 2022
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