What's the Tea in L&E? Alert: Salary Threshold for Exempt Employees Increases to $58,656

The Department of Labor released a new rule on Tuesday, April 23, 2024, that changes the salary threshold used to determine whether a worker is exempt from overtime pay. The rule takes effect on July 1, 2024, and is estimated to significantly impact both employers and employees.

In this segment, labor and employment attorneys Leah Stiegler, King Tower, and Emily Kendall Chowhan analyze the practical implications of the new final rule and what employers should be doing now to get ready.