Department of Labor's Bad Timing
New Overtime Rules Could Hurt Already Struggling Colleges
The U.S. Department of Labor's recent announcement of a two-step increase in the Fair Labor Standards Act’s minimum annual salary threshold for overtime pay eligibility has sent ripples through various sectors, including higher education. The threshold will increase from $35,568 to $43,888 per year starting July 1, 2024, and then to $58,656 on Jan. 1, 2…
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