threshold

The salary threshold is the minimum salary that an employee must be paid in order to be exempt from overtime pay. The salary threshold was set at $23,660 in 2004 and has not been updated since then. As a result, many workers who are currently classified as exempt are actually eligible for overtime pay.

The Department of Labor has proposed updating the salary threshold to $50,440. This update would make more than 1 million workers eligible for overtime pay. The proposed update has been met with mixed reactions. Some businesses support the update, arguing that it will help to ensure that workers are paid fairly. Others oppose the update, arguing that it will be too costly for businesses.

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The U.S. Department of Labor (DOL) has announced a new salary threshold for overtime eligibility for exempt employees. Effective January 1, 2025, the minimum salary required for an employee to be considered exempt from overtime pay will increase from $684 per week to $1,026 per week, or $53,430 per year for a full-time employee. This new threshold is the first update to the overtime salary threshold since 2004 and is intended to ensure that overtime pay protections keep pace with rising wages and the cost of living.

The new salary threshold is expected to have a significant impact on employers and employees alike. Employers will need to review their current pay practices to ensure that they are in compliance with the new threshold. Employees who are currently classified as exempt may find themselves eligible for overtime pay under the new rule. This could lead to increased labor costs for employers and higher take-home pay for employees.

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The “2025 salary threshold” refers to a provision in the Fair Labor Standards Act (FLSA) that will increase the minimum salary level for overtime eligibility for certain white-collar workers. The new threshold will take effect on January 1, 2025, and will be set at $679 per week, or $35,568 per year. This represents a significant increase from the current threshold of $47,476 per year.

The 2025 salary threshold is important because it will expand overtime eligibility to millions of workers who are currently exempt. This will have a number of benefits, including increased pay for workers, reduced workload stress, and improved work-life balance. Additionally, the new threshold will help to ensure that overtime pay is fairly distributed across all workers, regardless of their job title or salary level.

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