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In 2024, the Department of Labor issued its final rule increasing the minimum salary to meet the white collar exemptions under the FLSA. The new rule calls for a series of increases to the minimum salary as follows:
The rules are relatively simple to understand. What is more complex is the decision making on how to deal with employees who make or will make less than the minimum salary as it increases over time.
This program will discuss strategic and tactical issues to consider in implementing the new minimum salary requirements. Among the issues to be discovered:
In determining who is impacted, employers must remember that a number of states have minimum salary requirements that are higher than those require by the FLSA. These laws will be discussed, too.
Finally, the minimum salary must be paid in accordance with the salary basis requirement. The salary basis requirement is technical and, in some respects, counterintuitive. We will discuss how employers have inadvertently violated the salary basis requirement and steps employers can take to help avoid violating the requirement.
Learning Objectives:
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