Millions of salaried workers will be eligible for overtime pay under new Biden rule
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Millions of salaried workers will be eligible for overtime pay under new rule
The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S.
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Millions more salaried workers will be eligible for overtime pay under Biden administration rule
About 4 million more workers will qualify for overtime when the rule is fully implemented.
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Millions more salaried workers will be eligible for overtime pay under final Biden administration rule
Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. The threshold will increase to the equivalent of an annual salary of $43,888, or $844 a week, starting July 1, and then to $58,656, or $1,128 a week, on January 1, 2025. About 4 million more workers will qualify for overtime when the rule is fully...