The DOL's New Rule on White-Collar Exemptions: Key Changes and Implications for Employers

On April 23, 2024, the Department of Labor's Wage and Hour Division announced a final rule revising salary thresholds for white-collar exemptions under the FLSA, effective July 1, 2024, and January 1, 2025. These changes raise the minimum salary for exempt employees and highly compensated employees, with further adjustments every three years. Employers are advised to review employee classifications, adjust compensation structures, and update payroll systems to comply. Legal challenges may impact enforcement, so staying informed on legal developments is crucial for maintaining compliance