Reminder LLSSA Members get a Discount when they use Canal HR.
Department of Labor increased salary threshold for FLSA Exemptions.
Are you in compliance?
In order for salaried exempt employees to remain exempt from overtime, they must meet the new salary thresholds below. There will be additional increases for 2025, 2027, and then every three years.
Any salaried employees no meeting the new salary thresholds levels should be paid as an hourly enployee and receive overtime pay for any hours worked over 40 hours in your company’s week pay period. Regardless of your pay period, hours worked must always be tracked on a weekly basis.
To be tax exempt from overtime pay your employees must:
- be paid a salary
- be paid at least minimum salary
- perform executive, administrative, or professional duties.
If you have questions regarding the new minimum salary threshold, please call Molly Vigour at (504) 837-8680 and Canal HR will assist you.