- The salary level requirement under the EAP exemptions will rise from $455 a week (or $23,660 annually), to $684 (or $35,568 annually).
- The total annual compensation for certain "highly compensated employees" also goes up, from $100,000 to $107,432 annually.
- Employers will be allowed to use certain non-discretionary bonuses, commissions, and incentive payments that are paid at least annually to satisfy up to 10 percent of the salary level requirement.
- Certain special salary levels for workers in U.S. territories and in the motion picture industry are also being updated.
Insight
DOL's New Overtime Rule Released, Updating Earnings Thresholds
DOL's New Overtime Rule Released, Updating Earnings Thresholds
Today, the U.S. Department of Labor released its final rule, updating earnings requirements for exempt treatment under the Executive, Administrative, and Professional (or "EAP") exemptions of the Fair Labor Standards Act ("FLSA").Under the final rule:
Trending Articles
The 2024 Best Lawyers in Spain™
by Best Lawyers
Best Lawyers is honored to announce the 16th edition of The Best Lawyers in Spain™ and the third edition of Best Lawyers: Ones to Watch in Spain™ for 2024.
Best Lawyers Expands Chilean 2024 Awards
by Best Lawyers
Best Lawyers is pleased to announce the 14th edition of The Best Lawyers in Chile™ and the inaugural edition of Best Lawyers: Ones to Watch in Chile™, honoring the top lawyers and firms conferred on by their Chilean peers.
Announcing The Best Lawyers in South Africa™ 2024
by Best Lawyers
Best Lawyers is excited to announce the landmark 15th edition of The Best Lawyers in South Africa™ for 2024, including the exclusive "Law Firm of the Year" awards.
Announcing the 2023 The Best Lawyers in America Honorees
by Best Lawyers
Only the top 5.3% of all practicing lawyers in the U.S. were selected by their peers for inclusion in the 29th edition of The Best Lawyers in America®.
The Best Lawyers in Portugal™ 2024
by Best Lawyers
The 2024 awards for Portugal include the 14th edition of The Best Lawyers in Portugal™ and 2nd edition of Best Lawyers: Ones to Watch in Portugal™.
The Best Lawyers in Peru™ 2024
by Best Lawyers
Best Lawyers is excited to announce the landmark 10th edition of The Best Lawyers in Peru, the prestigious award recognizing the country's lop legal talent.
The Best Lawyers in South Africa™ 2023
by Best Lawyers
Best Lawyers proudly announces lawyers recognized in South Africa for 2023.
The Best Lawyers in Chile™ 2023
by Best Lawyers
The results include an elite field of top lawyers and firms in Chile.
The Best Lawyers in Colombia™ 2024
by Best Lawyers
Best Lawyers is honored to announce the 14th edition of The Best Lawyers in Colombia™ for 2024, which honors Colombia's most esteemed lawyers and law firms.
Announcing the 2024 Best Lawyers in Puerto Rico™
by Best Lawyers
Best Lawyers is proud to announce the 11th edition of The Best Lawyers in Puerto Rico™, honoring the top lawyers and firms across the country for 2024.
The 2023 Best Lawyers in Portugal™
by Best Lawyers
Announcing the elite group of lawyers recognized in Portugal for 2023.
Unwrapping Shrinkflation
by Justin Smulison
Through the lens of the United States, we take a closer look at the global implication of companies downsizing products while maintaining and often raising prices.
Best Lawyers: Ones to Watch in America for 2023
by Best Lawyers
The third edition of Best Lawyers: Ones to Watch in America™ highlights the legal talent of lawyers who have been in practice less than 10 years.
