Fair Labor Act 2024. The final rule updates and revises the regulations issued under section 13 (a) (1) of the fair labor standards act implementing the exemption from minimum wage and overtime pay requirements for executive, administrative, and professional (eap). The final rule is scheduled to go into effect on july 1, 2024, so, barring judicial action in the remaining business days this month, us employers must prepare.
The fair labor standards act (flsa) provides guidance across areas such as employee classification, minimum wage, overtime, the definition of hours worked, recordkeeping. District court for the eastern district of wisconsin joined in the fray over.