Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. The threshold will increase to the equivalent of an annual salary of $43,888, or […]
A Department of Labor final rule means millions of salaried workers who are employed in the executive, administrative or professional industries will become eligible for overtime pay. (Official White House photo by Oliver Contreras) The U.S. Department of Labor Tuesday announced a final rule that means millions of salaried workers who are employed in the […]
NEW YORK (AP) — The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S. The move marks the largest expansion in federal overtime eligibility seen in decades. Starting July 1, employers will be required pay overtime to salaried workers who make less […]
(Bloomberg) — Rivian Automotive Inc. shares fell in early trading after the electric-vehicle maker issued a disappointing production forecast and announced another round of job cuts. Most Read from Bloomberg The maker of plug-in pickups, SUVs and delivery vans expects to build just 57,000 vehicles this year, in line with last year’s output and well […]