Gibbons P.C.’s Post

It's #TipTuesday! Betty Graumlich provides this week's tip reminding employers to evaluate how the DOL's new compensation regulation will impact their workforce and current wage and hour practices: The Department of Labor just announced that, effective July 1, 2024, the minimum salary threshold for employees classified as “exempt” under the “white collar” exemptions will increase to $844 per week ($43,888 annualized). For highly compensated employees, minimum compensation threshold will increase to $132,964 per year, where at least $844 per week must be paid on a salary or fee basis. Employers should follow any legal developments with respect to the new regulation. If the regulation goes into effect as announced, employers will need to evaluate how the new thresholds will affect employees currently classified as exempt. #employmentlaw #DOL #wageandhour #compensation

Fun fact: New York State is one of only 7 in the country, and one of only 2 on the east coast, that has its own salary threshold requirements that must be met to legally classify an employee as exempt under the state's wage and hour laws. What does that mean for employers? Which is the other east coast state? And what is a "salary threshold requirement"? Check out my latest blog post for answers to those questions and a deeper dive into this niche subject with significant financial implications for employers. https://lnkd.in/eqzQHRMD #employmentlaw

On the #EmploymentLaw blog today, #HSBLaw’s Katie Busbee discusses the DOL’s announcement on increases in salary thresholds for exempt workers under the FLSA. Read the full blog post here: https://ow.ly/LBlO50Rngwr and be sure to register for our webinar tomorrow on this topic here: https://lnkd.in/eCWqf_8d

Starting July 1, the Department of Labor will implement updated minimum pay requirements under the Fair Labor Standards Act for white-collar exemptions. Though some predict legal attempts to block the new rule, it's prudent to assess which employees may be impacted. Leaders must decide whether to elevate base salaries to meet new thresholds or reclassify affected employees as nonexempt. Proactivity is crucial as the effective date approaches. #DepartmentOfLabor #Compensation #Salary #MinimumPayRequirements https://lnkd.in/efBZvG8D

Starting July 1, the Department of Labor will implement updated minimum pay requirements under the Fair Labor Standards Act for white-collar exemptions. Though some predict legal attempts to block the new rule, it's prudent to assess which employees may be impacted. Leaders must decide whether to elevate base salaries to meet new thresholds or reclassify affected employees as nonexempt. Proactivity is crucial as the effective date approaches. #DepartmentOfLabor #Compensation #Salary #MinimumPayRequirements https://lnkd.in/ghM6Mgv4

Starting July 1, the Department of Labor will implement updated minimum pay requirements under the Fair Labor Standards Act for white-collar exemptions. Though some predict legal attempts to block the new rule, it's prudent to assess which employees may be impacted. Leaders must decide whether to elevate base salaries to meet new thresholds or reclassify affected employees as nonexempt. Proactivity is crucial as the effective date approaches. #DepartmentOfLabor #Compensation #Salary #MinimumPayRequirements https://lnkd.in/gfRSH94a

Starting July 1, the Department of Labor will implement updated minimum pay requirements under the Fair Labor Standards Act for white-collar exemptions. Though some predict legal attempts to block the new rule, it's prudent to assess which employees may be impacted. Leaders must decide whether to elevate base salaries to meet new thresholds or reclassify affected employees as nonexempt. Proactivity is crucial as the effective date approaches. #DepartmentOfLabor #Compensation #Salary #MinimumPayRequirements https://lnkd.in/escUaxnA

Starting July 1, the Department of Labor will implement updated minimum pay requirements under the Fair Labor Standards Act for white-collar exemptions. Though some predict legal attempts to block the new rule, it's prudent to assess which employees may be impacted. Leaders must decide whether to elevate base salaries to meet new thresholds or reclassify affected employees as nonexempt. Proactivity is crucial as the effective date approaches. #DepartmentOfLabor #Compensation #Salary #MinimumPayRequirements https://lnkd.in/g8HViTGS

Starting July 1, the Department of Labor will implement updated minimum pay requirements under the Fair Labor Standards Act for white-collar exemptions. Though some predict legal attempts to block the new rule, it's prudent to assess which employees may be impacted. Leaders must decide whether to elevate base salaries to meet new thresholds or reclassify affected employees as nonexempt. Proactivity is crucial as the effective date approaches. #DepartmentOfLabor #Compensation #Salary #MinimumPayRequirements https://lnkd.in/gbEnRvDj

Starting July 1, the Department of Labor will implement updated minimum pay requirements under the Fair Labor Standards Act for white-collar exemptions. Though some predict legal attempts to block the new rule, it's prudent to assess which employees may be impacted. Leaders must decide whether to elevate base salaries to meet new thresholds or reclassify affected employees as nonexempt. Proactivity is crucial as the effective date approaches. #DepartmentOfLabor #Compensation #Salary #MinimumPayRequirements https://lnkd.in/eKNctVgH