The Biden administration has announced a significant change that will impact millions of salaried workers in the United States. This new rule, set to take effect on July 1, will make more employees eligible for overtime pay, marking the most extensive expansion in federal overtime eligibility in decades.
Under the new regulation, salaried workers in certain executive, administrative, and professional roles who earn less than $43,888 annually will be entitled to overtime pay. This threshold will increase to $58,656 by the beginning of 2025.
