DOL Overtime Rule and Nonprofits
Presenter: NC Center for Nonprofits
Cost: Free
On April 23, the U.S. Department of Labor (DOL) released its Overtime Final Rule designed to update and revise overtime protections for millions of workers employed by nonprofits, for-profits, and governments. It’s set to start going into effect on July 1, 2024 and increases the minimum salary level that white-collar employees must be paid to exempt them from overtime pay of time and half of wages for hours worked in excess of 40 in any week. The Overtime Final Rule makes changes in three areas: Standard Salary Threshold, Highly Compensated Employee Total Annual Compensation Threshold, and Automatic Adjustment.
The North Carolina Center for Nonprofits (the Center) prepared an analysis of the final overtime rule and its likely impact, concluding with 15 compliance options and eight next steps for nonprofits to take now to be ready to adapt to the significantly higher salary threshold in eight months. To provide more information and help answer your questions, the Center is offering a free webinar on the overtime rule on Friday, May 10 from 10:00-11:30 am Eastern.
NDANO offers live in-person and online learning opportunities for nonprofits, often with partners. Members receive discounted rates on all NDANO events. All times are Central unless otherwise indicated.
Do you have a learning opportunity or event for North Dakota nonprofits to add to our calendar? Email NDANO with the details.
