The Department of Labor recently announced some new minimum salaries for exemption from overtime under the Fair Labor Standards Act. Currently, in order to be exempt from overtime you need to meet the duties test and earn at least $23,660 per year ($455 weekly). This salary has been in place since 2004, so it seems like a good time to make a change. Additionally, the definition of highly compensated employees is changing from $100,000 per year to $147,414.
The Obama administration attempted a change in 2016, to $47,476 but it got shot down by a federal judge and the Trump administration didn’t push the issue. Here’s why it’s probably going to go through this time.
