The Biden administration has finalized a new rule that will make millions more salaried workers eligible for overtime pay in the U.S. This measure marks the largest expansion in federal overtime eligibility seen in decades. Starting July 1, employers will have to pay overtime to salaried workers earning less than $43,888 a year in certain executive, administrative, and professional roles, the Department of Labor announced on Tuesday. This limit will increase to $58,656 at the beginning of 2025. “Too often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their … Continue reading New Overtime Rules Kick In July 2024: Biden Administration to Benefit 4 Million Workers