Department of Labor Releases Final Rule Regarding Overtime Exemptions under the Fair Labor Standards Act

Recently, the Department of Labor (DOL) released its final regulations making changes to Part 541, governing overtime exemptions under the Fair Labor Standards Act (FLSA). Here are the key elements of the new regulation that you need to know now: 1. Salary Threshold Changed to $913/week ($47,476 per year) This threshold doubles the current salary threshold…