FLSA Overtime Exemptions: Big Changes Coming for Salaried Employees

Is YOUR Salary About to Change? The Department of Labor’s (DOL) final rule on overtime exemptions increases minimum salary requirements for white-collar workers. A pivotal change set to take effect on July 1, 2024. These regulations will dramatically alter the salary threshold for exempt employees, impacting countless workers across the United States, including those like Sarah, who balances intense work periods with cherished personal time.

In this episode, you’ll:

• Understand the New Overtime Rule: What the increased salary threshold means and how it affects both employees and employers.
• Real-Life Impact: Explore how these changes will reshape the work-life balance for employees like Sarah, who find themselves juggling between professional responsibilities and personal engagements.
• Practical Strategies: Gain insights into how businesses can navigate these changes effectively without disrupting their operations or compromising employee satisfaction.
• Expert Advice: Equip yourself with knowledge and strategies to ensure compliance and maintain efficiency in your workplace.

Whether you’re an employer wondering how to adjust salaries and manage labor costs, or an employee concerned about how these changes might affect your work arrangement and income, this episode is packed with essential information to help you prepare for the upcoming changes.

About the author, Rhamy

Rhamy grew up watching and working with his mother and grandmother in the senior insurance market. This familiarity with the struggles faced by people trying to navigate the incredibly complicated and heavily regulated healthcare market led him to start Poplar Financial while working on his degree at the University of Memphis. After completing his MBA and Bachelors in Finance and Economics, Rhamy guided Poplar Financial through the disruptive opportunity that is the Affordable Care Act. Since then Poplar Financial has received numerous awards from major insurance carriers and has completed its fourth year in a row of doubling in size. Now his team focuses on the processes around human resources and specializes in providing companies with between 20 and 1000 employees with the payroll, benefits, and HR needs.