U.S. Department of Labor Issues Final Regulations Significantly Raises Minimum Salary for Salaried Workers
On April 23, 2024, the U.S. Department of Labor announced a Final Rule that updates and revises the regulations issued under section 13(a)(1) of the Fair Labor Standards Act, implementing exemptions from minimum wage and overtime pay requirements for salaried employees. We reported on this subject in September 2023 when proposed regulations were issued. As…