DOL Proposes Massive Increase in Overtime Pay Threshold

Posted on: September 12th, 2023 by Leaders' Choice Staff No Comments

The U.S. Department of Labor has issued its long-awaited proposed changes to the nation’s overtime rules for American workers, proposing to increase the threshold for exempt status by more than 50% to $55,000. If the proposed rules become permanent rules, employers will need to prepare their bookkeeping and budgets to account for the new salary […]

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