US Dept of Labor New Federal Overtime Rule
Currently, employees earning less than $684 per week or $35,568 per year must be paid overtime if they work more than 40 hours per week, regardless of job duties. Beginning July 1, federal regulations will require overtime to be paid to all workers earning less than $844 per week or $43,888 annually. Click the above Question of the Week for ideas on how to manage overtime. To view the new rule, click here.
Keep in mind as budget season approaches that the overtime threshold is currently scheduled to increase to $58,656 per year or $1,128 per week on January 1, 2025.