Is Your Business Prepared? The Shocking Cost of New Overtime Rules!

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Key Takeaways

Proposed Salary Threshold Changes: The Department of Labor (DOL) is set to increase the salary threshold for overtime eligibility to $58,656 per year by January 1, 2025, significantly affecting employees' entitlement to overtime pay.
Impact on Small Businesses: As payroll costs rise, small business owners will need to carefully reassess their staffing policies, job classifications, and budget allocations to comply with these new regulations.
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