Lunch & Learn - Understanding the New Overtime Rules: Navigating Salary Threshold Changes

Description

Join us for July's Lunch & Learn, sponsored by Ohio Valley Bank, to understand the new overtime rules announced by the U.S. Department of Labor. On April 23, 2024, the DOL released a final rule that significantly raises the salary threshold for overtime exemptions under the Fair Labor Standards Act. Learn about the phased implementation, starting with the first increase on July 1, 2024, to $43,888 annually, and a second increase on January 1, 2025, to $58,656 annually. Discover how these changes affect your business and employees, and what steps you need to take to comply with the new regulations. Don't miss this crucial update to stay ahead and ensure compliance.

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