All updates of DOL’s Overtime Threshold for 2023 | |
The Department of Labor's (DOL) notice of proposed rulemaking has ushered in a significant shift by raising the total annual compensation requirement for highly compensated employees to $143,988. This move serves as a crucial lesson for employers, as the proposed overtime increase has not only prompted a reassessment of job descriptions but has also posed a substantial impact on budgetary considerations. The ripple effect is evident in heightened turnover rates and a simultaneous decline in retention levels within organizations. This session will delve into pivotal topics, emphasizing the nuances of professional communication, navigating the intricacies of the DOL's overtime pay update, determining exempt employees' status, and understanding the compliance monitoring authority embedded in the Fair Labor Standards Act (FLSA). Employers grappling with these changes must equip themselves with comprehensive insights to adapt seamlessly and ensure compliance in an evolving regulatory landscape. | |
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| Target State: New York Target City : NEW YORK Last Update : Dec 04, 2023 6:07 AM Number of Views: 76 | Item Owner : Professionalslearning Contact Email: Contact Phone: (None) |
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