News
November 26, 2024
In 2024, the U.S. Department of Labor (“DOL”) implemented a final rule that raised the salary thresholds for classifying certain employees as exempt from overtime pay under the Fair Labor Standards Act (“FLSA”). The rule, which was set to increase these thresholds in two phases—one in July 2024 and another in January 2025—was expected to expand overtime eligibility to approximately four million employees. The rule also included automatic adjustments to the salary thresholds every three years based on Census data. However, a federal court in Texas blocked the rule nationwide on November 15, 2024, effectively reinstating the prior, lower salary