More Than 4 Million More Workers Will Start Getting Paid Overtime Under Controversial New Rule (2024)

Breaking

23 minutes ago

Inflation Worse Than Expected In March, Fed’s Preferred Metric Shows

47 minutes ago

These Homes By Big-Name Architects Just Hit The Market—With Curved Walls And Built-In Furniture (Photos)

1 hour ago

US Investigates Tesla Recall After ‘Post-Remedy Crash Events’

2 hours ago

Here’s How Much Trump—And His Donors—Are Paying Attorneys In Hush Money Trial

2 hours ago

Chip Stocks Boom As Google And Microsoft’s Big Bets On AI Start Paying Off

5 hours ago

‘False Rumors’: ByteDance Denies It Is Exploring A TikTok Sale After Ban Bill

7 hours ago

One In Five Milk Samples From Across US Had Traces Of Bird Flu Virus, FDA Says

13 hours ago

Trump Loses Bid For New Trial Against E. Jean Carroll

20 hours ago

Who Is Nemat Shafik? Columbia Board Backs President Amid Tense Protests, Calls For Resignation

20 hours ago

Southwest Airlines Cutting 2,000 Jobs And Leaving 4 Airports Amid Boeing Woes—And Cost-Cutting Drive

20 hours ago

Supreme Court Suggests They’ll Further Delay Trump’s Election Trial As They Wrestle With Whether He Has ‘Immunity’

20 hours ago

Harvey Weinstein Conviction Overturned: Here’s What Led To His Rape Conviction, And Why It Was Dropped

23 minutes ago

Inflation Worse Than Expected In March, Fed’s Preferred Metric Shows","scope":{"topStory":{"index":1,"title":"Inflation Worse Than Expected In March, Fed’s Preferred Metric Shows","image":"https://specials-images.forbesimg.com/imageserve/662ba321ce6b1e16ca760d86/290x0.jpg?cropX1=0&cropX2=2362&cropY1=57&cropY2=1387","isHappeningNowArticle":true,"date":"23 minutes ago","uri":"https://www.forbes.com/sites/dereksaul/2024/04/26/inflation-worse-than-expected-in-march-feds-preferred-metric-shows/"}},"id":"bm79e3gj0gq800"},{"textContent":"

47 minutes ago

These Homes By Big-Name Architects Just Hit The Market—With Curved Walls And Built-In Furniture (Photos)","scope":{"topStory":{"index":2,"title":"These Homes By Big-Name Architects Just Hit The Market—With Curved Walls And Built-In Furniture (Photos)","image":"https://specials-images.forbesimg.com/imageserve/66295e986b3b1a332762b952/290x0.jpg?cropX1=0&cropX2=2134&cropY1=399&cropY2=1600","isHappeningNowArticle":true,"date":"47 minutes ago","uri":"https://www.forbes.com/sites/maryroeloffs/2024/04/26/these-homes-by-big-name-architects-just-hit-the-market-with-curved-walls-and-built-in-furniture-photos/"}},"id":"q4nicp6kmarc0"},{"textContent":"

1 hour ago

US Investigates Tesla Recall After ‘Post-Remedy Crash Events’","scope":{"topStory":{"index":3,"title":"US Investigates Tesla Recall After ‘Post-Remedy Crash Events’","image":"https://specials-images.forbesimg.com/imageserve/662b99444fa11d174c30a72d/290x0.jpg?cropX1=0&cropX2=4185&cropY1=44&cropY2=2398","isHappeningNowArticle":true,"date":"1 hour ago","uri":"https://www.forbes.com/sites/siladityaray/2024/04/26/us-investigates-tesla-recall-after-post-remedy-crash-events/"}},"id":"16hi1nm4kc9q00"},{"textContent":"

2 hours ago

Here’s How Much Trump—And His Donors—Are Paying Attorneys In Hush Money Trial","scope":{"topStory":{"index":4,"title":"Here’s How Much Trump—And His Donors—Are Paying Attorneys In Hush Money Trial","image":"https://specials-images.forbesimg.com/imageserve/662b8b07a68e1b85eeca50b0/290x0.jpg?cropX1=0&cropX2=1487&cropY1=153&cropY2=990","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/alisondurkee/2024/04/26/heres-how-much-trump-and-his-donors-are-paying-attorneys-in-hush-money-trial/"}},"id":"ed786elhe0lk00"},{"textContent":"

2 hours ago

Chip Stocks Boom As Google And Microsoft’s Big Bets On AI Start Paying Off","scope":{"topStory":{"index":5,"title":"Chip Stocks Boom As Google And Microsoft’s Big Bets On AI Start Paying Off","image":"https://specials-images.forbesimg.com/imageserve/662b88ea155d57379d7fe8d3/290x0.jpg?cropX1=0&cropX2=2468&cropY1=65&cropY2=1454","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/roberthart/2024/04/26/chip-stocks-boom-as-google-and-microsofts-big-bets-on-ai-start-paying-off/"}},"id":"cd3j9r340bpk00"},{"textContent":"

5 hours ago

‘False Rumors’: ByteDance Denies It Is Exploring A TikTok Sale After Ban Bill","scope":{"topStory":{"index":6,"title":"‘False Rumors’: ByteDance Denies It Is Exploring A TikTok Sale After Ban Bill","image":"https://specials-images.forbesimg.com/imageserve/662b633e6c6deb75e9437c65/290x0.jpg?cropX1=0&cropX2=2237&cropY1=81&cropY2=1339","isHappeningNowArticle":true,"date":"5 hours ago","uri":"https://www.forbes.com/sites/siladityaray/2024/04/26/false-rumors-bytedance-denies-it-is-exploring-a-tiktok-sale-after-ban-bill/"}},"id":"9966ikkmd09400"},{"textContent":"

7 hours ago

One In Five Milk Samples From Across US Had Traces Of Bird Flu Virus, FDA Says","scope":{"topStory":{"index":7,"title":"One In Five Milk Samples From Across US Had Traces Of Bird Flu Virus, FDA Says","image":"https://specials-images.forbesimg.com/imageserve/662b4bfb952d2591dae6b5b0/290x0.jpg?cropX1=0&cropX2=5052&cropY1=526&cropY2=3368","isHappeningNowArticle":true,"date":"7 hours ago","uri":"https://www.forbes.com/sites/siladityaray/2024/04/26/one-in-five-milk-samples-from-across-us-had-traces-of-bird-flu-virus-fda-says/"}},"id":"7pkarnanp41k00"},{"textContent":"

13 hours ago

Tennessee Approves Bill Punishing Adults Who Help Minors Receive Gender-Affirming Care, Report Says","scope":{"topStory":{"index":8,"title":"Tennessee Approves Bill Punishing Adults Who Help Minors Receive Gender-Affirming Care, Report Says","image":"https://specials-images.forbesimg.com/imageserve/662aec2020648b2210b6e1e7/290x0.jpg?cropX1=0&cropX2=2807&cropY1=0&cropY2=1870","isHappeningNowArticle":true,"date":"13 hours ago","uri":"https://www.forbes.com/sites/antoniopequenoiv/2024/04/25/tennessee-approves-bill-punishing-adults-who-help-minors-receive-gender-affirming-care-report-says/"}},"id":"dfbo73o85gpk00"},{"textContent":"

15 hours ago

Mitch McConnell Says Former Presidents Are 'Not Immune' From Accountability","scope":{"topStory":{"index":9,"title":"Mitch McConnell Says Former Presidents Are 'Not Immune' From Accountability","image":"https://specials-images.forbesimg.com/imageserve/653529c224c9a8dc876d18f4/290x0.jpg?cropX1=0&cropX2=1228&cropY1=126&cropY2=817","isHappeningNowArticle":true,"date":"15 hours ago","uri":"https://www.forbes.com/sites/mollybohannon/2024/04/25/mitch-mcconnell-says-former-presidents-are-not-immune-from-accountability/"}},"id":"429hj5a66l8k00"},{"textContent":"

16 hours ago

NFL Draft: Here’s How Much First-Round Picks Will Make In Rookie Contracts","scope":{"topStory":{"index":10,"title":"NFL Draft: Here’s How Much First-Round Picks Will Make In Rookie Contracts","image":"https://specials-images.forbesimg.com/imageserve/662ac22d83cb338780d1bb8e/290x0.jpg?cropX1=0&cropX2=3476&cropY1=176&cropY2=2130","isHappeningNowArticle":true,"date":"16 hours ago","uri":"https://www.forbes.com/sites/brianbushard/2024/04/25/nfl-draft-heres-how-much-first-round-picks-will-make-in-rookie-contracts/"}},"id":"6j9ffqj7fo4000"},{"textContent":"

17 hours ago

USC Cancels Main Graduation Ceremony Amid Pro-Palestinian Protests On Campus","scope":{"topStory":{"index":11,"title":"USC Cancels Main Graduation Ceremony Amid Pro-Palestinian Protests On Campus","image":"https://specials-images.forbesimg.com/imageserve/662abe50a8a9be5d09b59dd4/290x0.jpg?cropX1=0&cropX2=2498&cropY1=0&cropY2=1667","isHappeningNowArticle":true,"date":"17 hours ago","uri":"https://www.forbes.com/sites/antoniopequenoiv/2024/04/25/usc-cancels-main-graduation-ceremony-amid-pro-palestinian-protests-on-campus/"}},"id":"ekkdr4b0na1k00"},{"textContent":"

17 hours ago

Google Soars Toward Record $2 Trillion Valuation On Earnings","scope":{"topStory":{"index":12,"title":"Google Soars Toward Record $2 Trillion Valuation On Earnings","image":"https://specials-images.forbesimg.com/imageserve/662ab6b1e9885bfcad170ade/290x0.jpg?cropX1=0&cropX2=2251&cropY1=178&cropY2=1446","isHappeningNowArticle":true,"date":"17 hours ago","uri":"https://www.forbes.com/sites/dereksaul/2024/04/25/google-soars-toward-record-2-trillion-valuation-on-earnings/"}},"id":"4bbo1hrgka5400"},{"textContent":"

17 hours ago

Microsoft Smashes Earnings Expectations—Stock Up 5%","scope":{"topStory":{"index":13,"title":"Microsoft Smashes Earnings Expectations—Stock Up 5%","image":"https://specials-images.forbesimg.com/imageserve/662ab619498188ed2355e65b/290x0.jpg?cropX1=0&cropX2=3496&cropY1=0&cropY2=1965","isHappeningNowArticle":true,"date":"17 hours ago","uri":"https://www.forbes.com/sites/dereksaul/2024/04/25/microsoft-smashes-earnings-expectations-stock-up-5/"}},"id":"5a70ngcl1qe000"},{"textContent":"

18 hours ago

Pieces Of Rebel Wilson’s Memoir Blasting Sacha Baron Cohen Redacted Overseas","scope":{"topStory":{"index":14,"title":"Pieces Of Rebel Wilson’s Memoir Blasting Sacha Baron Cohen Redacted Overseas","image":"https://specials-images.forbesimg.com/imageserve/662aad3897ced3d18d1af4c6/290x0.jpg?cropX1=55&cropX2=3135&cropY1=652&cropY2=2384","isHappeningNowArticle":true,"date":"18 hours ago","uri":"https://www.forbes.com/sites/maryroeloffs/2024/04/25/pieces-of-rebel-wilsons-memoir-blasting-sacha-baron-cohen-redacted-overseas/"}},"id":"10j13bfbgqr9k0"},{"textContent":"

19 hours ago

Bird Flu (H5N1) Explained: Here’s What To Know—And Why Scientists Are Concerned","scope":{"topStory":{"index":15,"title":"Bird Flu (H5N1) Explained: Here’s What To Know—And Why Scientists Are Concerned","image":"https://specials-images.forbesimg.com/imageserve/662a9d6a4635389a14a348ae/290x0.jpg?cropX1=0&cropX2=2812&cropY1=128&cropY2=1709","isHappeningNowArticle":true,"date":"19 hours ago","uri":"https://www.forbes.com/sites/ariannajohnson/2024/04/25/bird-flu-h5n1-explained-heres-what-to-know-and-why-scientists-are-concerned/"}},"id":"73gbrfl5erqc00"},{"textContent":"

19 hours ago

White House Hosts Kim Kardashian For Criminal Justice Roundtable","scope":{"topStory":{"index":16,"title":"White House Hosts Kim Kardashian For Criminal Justice Roundtable","image":"https://specials-images.forbesimg.com/imageserve/662a9c8dfebcc8f7a41526b4/0x0.jpg","isHappeningNowArticle":true,"date":"19 hours ago","uri":"https://www.forbes.com/sites/saradorn/2024/04/25/white-house-hosting-kim-kardashian-for-criminal-justice-roundtable/"}},"id":"noj14ql8le6o0"},{"textContent":"

20 hours ago

Trump Loses Bid For New Trial Against E. Jean Carroll","scope":{"topStory":{"index":17,"title":"Trump Loses Bid For New Trial Against E. Jean Carroll","image":"https://specials-images.forbesimg.com/imageserve/662a9504c74b50fab7ae4880/290x0.jpg?cropX1=0&cropX2=2508&cropY1=129&cropY2=1541","isHappeningNowArticle":true,"date":"20 hours ago","uri":"https://www.forbes.com/sites/mollybohannon/2024/04/25/trump-loses-bid-for-new-trial-against-e-jean-carroll/"}},"id":"6mb1ch0n5og800"},{"textContent":"

20 hours ago

Who Is Nemat Shafik? Columbia Board Backs President Amid Tense Protests, Calls For Resignation","scope":{"topStory":{"index":18,"title":"Who Is Nemat Shafik? Columbia Board Backs President Amid Tense Protests, Calls For Resignation","image":"https://specials-images.forbesimg.com/imageserve/66282545348217fd76702a2e/290x0.jpg?cropX1=0&cropX2=3772&cropY1=0&cropY2=2122","isHappeningNowArticle":true,"date":"20 hours ago","uri":"https://www.forbes.com/sites/brianbushard/2024/04/25/who-is-nemat-shafik-columbia-board-backs-president-amid-tense-protests-calls-for-resignation/"}},"id":"634e8bolj6m80"},{"textContent":"

20 hours ago

Southwest Airlines Cutting 2,000 Jobs And Leaving 4 Airports Amid Boeing Woes—And Cost-Cutting Drive","scope":{"topStory":{"index":19,"title":"Southwest Airlines Cutting 2,000 Jobs And Leaving 4 Airports Amid Boeing Woes—And Cost-Cutting Drive","image":"https://specials-images.forbesimg.com/imageserve/662a8db33889ddf4c2bb4778/290x0.jpg?cropX1=0&cropX2=2984&cropY1=53&cropY2=1731","isHappeningNowArticle":true,"date":"20 hours ago","uri":"https://www.forbes.com/sites/segunolakoyenikan/2024/04/25/southwest-airlines-will-slash-2000-jobs-amid-delayed-boeing-deliveries/"}},"id":"48krii57rf2000"},{"textContent":"

20 hours ago

Supreme Court Suggests They’ll Further Delay Trump’s Election Trial As They Wrestle With Whether He Has ‘Immunity’","scope":{"topStory":{"index":20,"title":"Supreme Court Suggests They’ll Further Delay Trump’s Election Trial As They Wrestle With Whether He Has ‘Immunity’","image":"https://specials-images.forbesimg.com/imageserve/662a3376c01b809bcd707616/290x0.jpg?cropX1=0&cropX2=1565&cropY1=0&cropY2=880","isHappeningNowArticle":true,"date":"20 hours ago","uri":"https://www.forbes.com/sites/alisondurkee/2024/04/25/supreme-court-considering-today-whether-trump-is-immune-from-criminal-charges-what-to-know/"}},"id":"adhc0r1706kg00"},{"textContent":"

20 hours ago

Harvey Weinstein Conviction Overturned: Here’s What Led To His Rape Conviction, And Why It Was Dropped","scope":{"topStory":{"index":21,"title":"Harvey Weinstein Conviction Overturned: Here’s What Led To His Rape Conviction, And Why It Was Dropped","image":"https://specials-images.forbesimg.com/imageserve/662a80124207321431b1064f/290x0.jpg?cropX1=0&cropX2=2440&cropY1=25&cropY2=1398","isHappeningNowArticle":true,"date":"20 hours ago","uri":"https://www.forbes.com/sites/brianbushard/2024/04/25/harvey-weinstein-conviction-overturned-heres-what-led-to-his-rape-conviction-and-why-it-was-dropped/"}},"id":"b128nr2ao04000"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

FAQs

More Than 4 Million More Workers Will Start Getting Paid Overtime Under Controversial New Rule? ›

Biden administration expands overtime pay to cover 4.3 million more workers. Here's who qualifies. About 4.3 million U.S. workers who previously didn't qualify for overtime pay could soon receive time-and-a-half for working more than 40 hours a week thanks to a new rule from the Biden administration.

Learn More Now ›

What is the proposed overtime rule for DOL 2024? ›

Starting July 1, most salaried workers who earn less than $844 per week will become eligible for overtime pay under the final rule. And on Jan. 1, 2025, most salaried workers who make less than $1,128 per week will become eligible for overtime pay.

Find Out More ›

What is the federal law on overtime? ›

The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay.

What is the most hours a salaried employee can work? ›

If an employee is exempt from FLSA and any state, local, or union overtime laws, then it is legal to work 60 hours a week on salary. Some employers do pay exempt employees for overtime work through time-and-a-half, bonuses, or extra time off.

Learn More ›

How to avoid mandatory overtime? ›

Employees can avoid mandatory overtime by: Understanding their employer's policies on overtime work. This may involve reviewing the employee handbook or policy manual, speaking to a supervisor or HR representative, and asking any questions they may have. Negotiating terms during the hiring process.

See Details ›

How does the new overtime rule work? ›

The development represents the biggest increase in the federal overtime threshold in decades. Beginning July 1, salaried workers earning less than $43,888 a year will qualify for 1.5 times pay if they work more than 40 hours a week.

Learn More ›

What are the changes for the FLSA in 2024? ›

Beginning July 1, 2024, the final rule calls for an increase in the threshold for bona fide executive, administrative, and professional employees to $844 per week, which annualizes to $43,888 per year. The final rule will raise the annual compensation threshold for highly compensated employees to $132,964 per year.

See Details ›

Is overtime illegal in the US? ›

Is mandatory overtime legal? Generally, yes, if the employer meets specific requirements. Mandatory overtime requests must meet state and federal labor laws. Federal law sets a minimum standard that the state must meet.

Keep Reading ›

How much overtime is too much? ›

WARNING SIGNS OF TOO MUCH OVERTIME

One of the first indicators of excessive overtime is your wage bill. If all or most of your employee's actual wages are consistently 30–45% higher than their salary, alarm bells should be going off – especially if it's every month.

Tell Me More ›

What states have overtime laws? ›

FAQs about overtime rules

Which states have daily overtime pay laws? Alaska, California, Colorado, and Nevada have daily overtime pay laws. Daily overtime starts at 8 hours except for Colorado, which starts at 12 hours.

Know More ›

Is 32 hours full-time in California? ›

In California, full-time employment is typically defined as working between 32 and 40 hours per week. However, it's crucial to understand that under the Affordable Care Act (ACA), individuals are generally considered part-time if they work fewer than 30 hours per week and full-time if they work 30 hours a week or more.

Do employers take advantage of salaried employees? ›

It's a common misconception to believe that employers cannot take advantage of salaried employees. While much of employment law involves protecting hourly employees from exploitation, employers can violate the wage rights of salaried employees as well.

Discover More Details ›

Is salary better than hourly? ›

*Salaried workers are usually exempt from the FLSA, which is the law that mandates extra pay for overtime hours. In sum, salary pay offers consistency; you know when and how much you are going to get paid even if you take some time off. While hourly pay isn't consistent, you get time and a half if you work overtime.

Discover More Details ›

Can I say no to overtime? ›

Yes, mandatory overtime is legal, and in general, employees cannot refuse to work overtime. The FLSA doesn't put a limit on how many hours of overtime an employee can work — it only stipulates that employers must pay minimum wage for regular hours and overtime rates when an employee works over 40 hours a week.

Discover More ›

Is it bad to refuse overtime? ›

The easy answer is that in general, employees cannot refuse to work overtime. Moreover, the Fair Labor and Standards Act — the federal law covering this matter — does not place a limit on how many hours of overtime an employer may require.

Get More Info Here ›

Why avoid overtime? ›

Excessive overtime can interfere with an employee's ability to get adequate sleep, which can lead to health problems for the employee and safety and quality problems on the job.

Get More Info Here ›

What is the DOL exemption threshold for 2024? ›

The rule increases this minimum salary threshold, initially to $844 per week ($43,888 per year) as of July 1, 2024, and then to $1,128 per week ($58,656 per year) as of January 1, 2025. Thereafter, the rule provides for an automatic update to the threshold every three years based on wage data.

Get More Info Here ›

What is the DOL independent contractor rule? ›

What Is the U.S. DOL's Final Rule on Worker Classification? The final rule uses a totality-of-the-circ*mstances analysis that considers six factors, giving no individual factor predetermined weight. The factors include: Opportunity for profit or loss depending on managerial skill* Nature and degree of control*

See Details ›

What is the salary threshold for Dol exempt? ›

Following proposed rulemaking in August 2023, the U.S. Department of Labor (DOL) finalized a rule on April 23, 2024, setting the standard salary level for the “white collar” exemptions under the FLSA at $844/week as of July 1, 2024 (up from the current $684/week).

Read The Full Story ›

What is the salary threshold for exempt employees in Florida 2024? ›

The minimum salary threshold to be exempt from overtime requirements in Florida is at least $684 weekly or $35,568 annually for executive, administrative, and professional positions.

Get More Info Here ›