New Overtime Pay Eligibility Rule to Impact Over 4 Million U.S. Workers
Allwork
APRIL 24, 2024
The policy is an effort to ensure fair compensation for those who work more than 40 hours per week. According to a report published by CNN Politics , the new rule, set to take effect on July 1, will raise the salary threshold under which salaried employees qualify for overtime pay in two stages — initially increasing it to $43,888 per year ($844 (..)
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