ADP on LinkedIn: New rules on U.S. overtime pay (2024)

Is your business ready for these changes?

Change is the only constant 😬 #TestAssure can help!TestAssure allows you to make and accept changes with confidence to ensure you're paying your employees correctly.Test faster and go live sooner with automated testing.Learn more at testassure.com/contact#WFM #AutomatedTesting #PayAssure

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The U.S. Department of Labor's long awaited overtime rule is here - and it's a two-part approach in quick succession. Effective July 1, the Fair Labor Standards Act’s (FLSA’s) annual salary-level threshold for white-collar exemptions to overtime requirements will increase from $35,568 to $43,888. As of Jan. 1, 2025, the annual salary threshold will rise to $58,656.https://bit.ly/3ydden0#FLSA #HR #TotalRewards #Compensation #Compliance

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Is your business keeping with the Department of Labor's recent overtime changes? The U.S. DOL has increased the Fair Labor Standards Act’s (FLSA’s) annual salary-level threshold for white-collar exemptions to overtime requirements. Effective July 1, 2024, the salary threshold will increase to $43,888 in the first of the two phases, then to $58,656 as of Jan. 1, 2025.The final rule, which will affect millions of workers, is, as of 2025, an increase of nearly 65 percent. At SouthernHR, we make sure your business is compliant, so you don't have to. Contact us today to learn more.#hr #humanresources #newlegislation #flsa #compliance #smallbusiness #hrconsulting

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Wondering how to prepare for this potential rule change? A pay audit is a helpful first step. Follow our employment blog to stay up-to-date on the DOL's over-time rule and other important topics.

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📣📣 Heads Up, Employers: New Overtime Rule Phasing In 📣📣The U.S. Department of Labor's (DOL) new overtime rule is a two-step process impacting white-collar worker exemptions. Here's the breakdown:Salary Threshold Increase 📈 💲 🔺 Effective July 1, 2024: Minimum salary for white-collar exemptions jumps from $35,568 to $43,888 annually.🔺Effective January 1, 2025: Another raise bumps the minimum salary to $58,656 annually.What this means❓🔺 Employees making less than the threshold (and meeting specific duties tests) become eligible for overtime pay (1.5x hourly rate for over 40 hours/week).The phased implementation allows employers time to adjust exempt employees' compensation.#DOL #OvertimeRule #FLSA #LaborLawhttps://lnkd.in/gevw9fAf

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Attention employers! New overtime rule alert! The U.S. Department of Labor's two-phase implementation raises salary thresholds effective July 1 and Jan. 1, 2025. What does this mean for your business? Here's a breakdown:July 1: Salary threshold increases from $35,568 to $43,888.Jan. 1, 2025: Threshold rises to $58,656.Employers, it's crucial to plan ahead:1️⃣ Budget for salary and overtime expenses.2️⃣ Prepare for reclassification decisions and employee training.3️⃣ Consider if adjustments will occur in two steps or directly to the 2025 threshold.Navigating these changes requires careful strategy and compliance with federal and local laws. Need assistance with compliance and planning? Reach out to us today for expert guidance! #AccessibleHR #HRSupport #OvertimeRule #HRConsulting https://lnkd.in/g3hxa2eC

On April 23, 2024, the U.S. Department of Labor (DOL) announced changes to the minimum salary threshold for overtime compensation for full-time/salaried workers across the United States via a new final rule. The first enforcement deadline starts July 1, 2024!What does this mean for agencies?New compliance burdens and alterations to agency operations and employee compensationOur new members-only guidance document provides a clear understanding of the federal overtime rule as it applies to advertising agencies. Learn what’s included in the rule, recommended compliance strategies for agencies, and what legal and political considerations may impact the rollout of any overtime changes.Get the guide: https://lnkd.in/eDJA-gRWNot a member yet? See what you're missing:https://lnkd.in/eZFciP3x#federalovertimerule #DOL #laborrules #policy #legislation #4As

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The Department of Labor recently passed a new regulation that raises the salary threshold requirement for employees to be classified as “exempt” from overtime protections. https://bit.ly/4aRYtUb Dive into our article to learn about the impact, how to make the best decisions, implementation and more.#compensation #HumanResources #FutureofWork

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Should overtime pay be part of truck drivers' compensation? Our new article dives into the debate, considering the industry's unique demands and regulations. Find out what factors come into play! #TruckingIndustry #OvertimePay ARTICLE: https://zurl.co/6Yxm