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Industry News Jill Stampe Industry News Jill Stampe

Federal Overtime Rules Changing July 1

Starting on July 1, 2024, employees who earn less than $43,888 annually ($844 weekly) will be eligible for overtime pay unless they fall under a Fair Labor Standards Act (FLSA) exemption. This is an increase from the previous threshold of $35,568 annually ($684 per week). How should employers prepare for this change?

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