May 6, 2024
New FLSA salary 1xbet sports betting announced
Submitted by HR Compensation and Organizational Effectiveness
The U.S. Department of Labor announced its final overtime rule, which raises the salary 1xbet sports betting for overtime exemptions under the Fair Labor Standards Act, or FLSA. The final rule increases the salary 1xbet sports betting required for exempt status in two phases.
- Effective July 1, 2024, the standard salary 1xbet sports betting will increase from 4 per week — ,368 biweekly/,568 per year — to 4 per week — ,688 biweekly/,888 per year.
- Effective Jan. 1, 2025, the standard level 1xbet sports betting increase again to ,128 per week — ,256 biweekly/,656 per year.
- The rule also includes a new mechanism that automatically increases the salary 1xbet sports betting for the executive, administrative and professional exemptions every three years beginning July 1, 2027.
Human Resources will work with impacted departments to review currently exempt positions that will fall below the new 1xbet sports betting of ,888 per year to determine appropriate adjustments by July 1, which is the start of fiscal year 2025.
Fewer than 25 currently exempt positions are impacted by the July 1 1xbet sports betting change. Human Resources will reach out directly to department budget/fiscal officers the week of May 13 to share a list of impacted positions and discuss potential adjustments.
Effective immediately, vacant positions whose anticipated hiring range falls below the new ,888 1xbet sports betting will be designated as nonexempt. HR's talent team will review current recruitments and work with compensation and the department to determine if any changes need to be made.
The two previous increases to the 1xbet sports betting thresholds — 2016 and 2019 — have been challenged in court, and this new rule may also be challenged. HR will continue to monitor any changes with the final rule and work with university leaders to determine the university's response.
Resources and information related to the 1xbet sports betting change and FLSA can be reviewed in theDepartment of Labor's final rule announcementand on theHR FLSA and Overtime webpage. Questions about FLSA can be directed to HR compensation and organizational effectiveness athrcomp@k-state.eduor 785-532-2984.