September 28, 2023 Beacon Article , Blog/News
In following up on our EAlert from August, the United States Department of Labor (DOL) has officially published its proposed rule in the federal register to change the salary threshold requirements under the Fair Labor Standards Act (FLSA).
Among the “highlights” include:
Increasing the FLSA regulations’ standard salary level from $684 per week ($35,568 per year) to $1,059 per week ($55,068 per year) for Executive, Administrative or Professional (EAP) positions;
Increasing the total annual compensation requirement for Highly Compensated Employees (HCE) from $107,432 per year to $143,988 per year; ...