Personnel costs at associations will likely rise, and employee duties are expected to change due to a new federal overtime rule issued by the Department of Labor effective July 1.The new regulation under the Fair Labor Standards Act makes significantly more employees eligible for time and a half if they work more than 40 hours in a work week. Prior to the new regulations taking effect, the minimum salary threshold above which executive, administrative and professional (EAP) employees were exempt from overtime pay was $35,568 annually ($684 per week). That threshold is now $43,888 per year ($844 per week) and will rise to $58,656 per year ($1,128 per week) on Jan. 1, 2025.In addition, the… Read More