“New Compensation Requirements for Exempt Employees: What Employers Need to Know!”
May 1, 2024 Written by: David Frankel, Esq. Becker LLC On April 23, 2024, the U.S. Department of Labor (“DOL”) finalized a rule (the “Rule”) to increase the compensation required for employees to be classified as exempt from minimum wage and overtime under the Fair Labor Standards Act (“FLSA”) under certain exemptions. Currently, employees compensated on a […]