On August 30, 2023, the U.S. Department of Labor released its proposed new rule on the “white collar” overtime pay exemptions, which would significantly increase the salary an employee must receive to qualify for being exempt. The proposed rule also increases the salary threshold for highly compensated employees (HCE) and includes automatic updates, bumping up the threshold with inflation every three years.
Join us for a 45-minute NACUA briefing during which Naomi Haslitt and George Ingham will provide an overview of the DOL's proposed rule, how it applies in the higher education context, and practical tips for how higher education employers should prepare for the potential changes