The United States Department of Labor (DOL) is expected to update its Final Rule raising the salary threshold to qualify for the “white collar” overtime and minimum wage exemptions under the Fair Labor Standards Act. Employers should examine their pay structures for their exempt employees to ensure continued compliance with whatever the new threshold may be, to implement any reclassification measures that may be necessary, and to avoid potential legal liability. A brief overview of the law itself and past threshold adjustments can provide guidance for businesses planning for the implementation of this updated requirement.

Read the article in the August/September 2022 issue of Pay It Forward (the newsletter of the Cleveland Chapter of the American Payroll Association) below.