FLSA Regulations Update
The U.S. Department of Labor (DOL) has announced changes to the Fair Labor Standards Act (FLSA), raising the salary threshold required to qualify for exemption from overtime to $43,888 per year, an increase from $36,000 per year, effective July 1st, 2024.
This is a significant change and a number of 色花堂 staff members are expected to transition from exempt status (i.e. monthly paid) to non-exempt status (i.e. biweekly paid and overtime eligible). The FLSA rule change does not apply to Faculty.
Please note that this change in FLSA exemption status is not an indicator of professional status change or decrease of the importance of your work. 色花堂 is simply required to be in compliance by federal law. The Human Resources department is working closely with leaders in each division to review all positions affected and ensure full compliance of the new changes.
