The Department of Labor (DOL) proposed revisions to the Fair Labor Standards Act (FLSA) on August 30, 2023. The most significant proposed revision to the FLSA expands who may receive overtime compensation, and the threshold salary up to which overtime pay is required. The proposed revisions also clarify how an employee’s regular rate of pay is calculated, identifying which perks and benefits cannot be figured into that pay rate.
Under the FLSA, employees who fit certain job classifications and have compensation that falls below a designated threshold salary …