A Closer Look at DOL Decisions on Contractor Status & Overtime Changes

the U.S. Department of Labor (DOL) enacted pivotal rulings on contractor status and overtime regulations.The DOL adjusted Fair Labor Standards Act (FLSA), commonly referred to as the Wage and Hour Act, was passed in 1938 and since then has been amended many times.The updated regulations include revised salary thresholds, updating criteria for exemption from overtime pay based on income levels and job duties. These adjustments are designed to reflect contemporary economic realities and ensure fair compensation practices across industries. This training will lay the groundwork for determining whether your employees are properly classified as Exempt or Non-exempt and ensuring that wage and hour laws are being followed properly. Additionally, recent changes to the overtime thresholds will be discussed as these changes will take effect on July 1, 2024.