Department of Labor Proposes Rule That Would Entitle Millions of Employees to Overtime Compensation
By: Cody Weyhofen and John Vering
On August 30, 2023, the Department of Labor (“DOL”) announced a proposed rule that seeks to significantly raise the minimum salary threshold needed to qualify for overtime-pay exemptions under the Fair Labor Standards Act (“FLSA”). If the rule takes effect, it’s estimated that an additional 3.6 million employees will become entitled to overtime compensation.
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