article thumbnail

Alabama Issues Guidance, Proposed Rules on Overtime Pay Exemption

PayrollOrg

The Alabama Department of Revenue has issued guidance to help employers understand the reporting requirements for the overtime pay exemption that goes into effect in 2024. The agency has also issued proposed rules.

Overtime 129
article thumbnail

How the Proposed U.S. Administration Rule Could Benefit Millions of Workers with Overtime Pay

HR Digest

Department of Labor has made an announcement today in the form of a notice of proposed rulemaking that intends to bring back and extend overtime protections for 3.6 This proposed rule would guarantee that more workers get extra compensation when they work overtime. Revive overtime protections for U.S. million salaried employees.

Overtime 107
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DOL Proposes Massive Increase in Overtime Pay Threshold

InterWest Insurance Services

Department of Labor has issued its long-awaited proposed changes to the nation’s overtime rules for American workers, proposing to increase the threshold for exempt status by more than 50% to $55,000. You’ll also have to put in place systems for tracking their hours worked, including overtime.

article thumbnail

Preparing for Potential Overtime Changes

PeopleStrategy

Changes Could Be Coming Whether or not you pay employees overtime right now, the number of staff you compensate in this manner could be changing. Meaning you might owe more employees overtime in the future. Department of Labor announced at the end of August a proposed overtime rule under the Fair Labor Standards Act (FLSA).

article thumbnail

The HR Playbook: 10 Metrics That Prove the Value of HR

The answers to your most pressing business problems—everything from troubleshooting your recruiting pipeline to predicting labor costs, overtime and turnover—are in your company’s HR, payroll, ATS, and time systems. But there’s a disconnect.

article thumbnail

DOL Proposes $55k Overtime Rule Threshold & Schedules Regular Increases

BerniePortal

It’s here, the news we have all been waiting for: the Department of Labor (DOL) has proposed the new overtime rule threshold guidance for employers.

article thumbnail

New overtime regulations are open for comment

Business Management Daily

Proposed regulations raising the salary employees must earn to be exempt from overtime were published in last Friday’s Federal Register. Determine a back-of-the-envelope exposure to overtime liability by identifying how many hours a week these employees work. You have until Nov. 7 to comment.