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The Biden-Harris administration has introduced major changes to overtime pay rules, setting new salary thresholds that could significantly alter compensation structures for 4 million workers in the US.
This update seeks to modernize pay standards in line with today’s economic needs. The changes will raise the minimum salary needed to exempt employees from overtime and incorporate scheduled updates to keep pace with inflation.
Legal challenges are sure to come; however, you should still prepare for the change now. Careful compliance and proactive strategy