The DOL proposes to raise the minimum salary and compensation for exempt employees under the FLSA. Learn how this affects employers in Puerto Rico and other U.S. territories.
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UPDATE: THE U.S. DEPARTMENT OF LABOR PUBLISHED A PROPOSED RULE IN THE FEDERAL REGISTER THAT SIGNIFICANTLY RAISES THE FLSA MINIMUM SALARY THRESHOLDS FOR EXEMPT EMPLOYEES
The proposed rulemaking to revise 29 CFR Part 541’s interpretation of the salary thresholds applicable to the Fair Labor Standards Act’s exemptions from the minimum wage and overtime pay requirements for executive, administrative, and professional employees was published in the Federal Register on September 8th, 2023.