Earlier this summer, the Department of Labor updated the Fair Labor Standards Act (FLSA). The regulations regarding overtime pay for white-collar workers were last updated in 2004. The new changes take effect Dec. 1.
If you are a business owner, it is fairly likely this will affect your business, so please make sure you familiarize yourself with the changes and work with someone to determine a strategy, as appropriate.
The FLSA requires certain employees that do not fall under an exemption to be paid overtime if they work more than 40 hours a week. The change taking place in December is in the dollar threshold for which exempt employees can be excluded from overtime pay requirements.
Some of the professions and positions that can be exempt from the overtime pay rules are:
New Hotel Proposed Along Market Street In Ogden
Emma Dill
-
Mar 15, 2024
|
|
Businesses Reopen A Week After Grace Street Facade Collapse
Emma Dill
-
Mar 15, 2024
|
|
Tech Upskilling Cohort To Host First Wilmington Class
Audrey Elsberry
-
Mar 15, 2024
|
The planning for Pender Commerce Park began in the early 2000s when the county wanted to create an economic driver on its largely rural west...
As John Willse and Beth Guertin, owners of Wilmington Wine bottle shop and now the recently opened Creative Tastings restaurant on Castle St...
Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.