What Employers Should Know Now That the 2024 Overtime Rule Is Vacated

When it comes to federal overtime law, the past decade has entailed a certain degree of whiplash for employers. DOL finalized a change under the Biden administration: The two-prong 2024 rule, which raised the threshold to $43,888 on July 1 and would have raised it to $58,656 on January 1. But just days ago, U.S. District Court Judge Sean Jordan vacated the rule, setting the overtime threshold back to the standard set during the Trump administration: $35,568. With the administration changing parties again, what do employers need to know about how DOL will proceed? And what should they do about the changes they made to prepare for the now-reversed change in July?