On Tuesday, April 23, 2024, the U.S. Department of Labor (“DOL”) announced its final overtime rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which revises the administrative, executive, and professional exemptions to the minimum wage and overtime requirements of the Fair Labor Standards Act. Effective July 1, 2024, the final rule increases the minimum salary threshold from $35,568 (or $684 per week) to $43,888 (or $844 per week), meaning that those employees who earn less than this amount automatically would be eligible for overtime pay, regardless of job duties. On January 1, 2025, the minimum salary threshold will increase again from $43,888 (or $844 per week) to $58,656 (or $1,128 per week).