📢 Big Changes Are Coming! On July 1, 2024, the U.S. Department of Labor increased the minimum salary threshold required to classify employees as exempt from overtime pay. This means salaried workers will need to earn at least $43,888 per year to maintain exempt status—up from the current threshold of $35,568. And it doesn't stop there! On January 1, 2025, the threshold will jump again to $58,656 per year.

In this video, we’ll break down:

- What these new rules mean for your business
- How to prepare for the threshold increase
- Key dates to mark on your calendar
- Whether you should increase salaries or reclassify employees to stay compliant

If your business employs workers in roles classified as executive, administrative, or professional, you’ll need to act fast to ensure compliance. We also cover the potential impact of these changes and how they could affect overtime pay and employee classification.

💼 Watch Now to Stay Ahead! Don’t get caught off-guard by these changes—your business's payroll could depend on it.

📈 Need help navigating payroll and compliance changes? CSI Accounting & Payroll has your back! Visit our website to learn how we can take the stress out of managing your accounting, bookkeeping, and payroll:
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Intro: 0:00
Upcoming Changes to Overtime Exemption Rules: 0:19
Why Does This Matter?: 1:10
More Changes in 2027: 1:35
Getting Professional Help: 2:11
Outro: 2:57

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