Overtime Update: Changes Virginia’s Overtime Wage Act aAnd the FLSA’s White-Collar Exemption Salary Threshold
Hancock Daniel has prepared a client advisory signaling that employers should be aware that recent changes in Virginia law will affect overtime calculations.
Under the Fair Labor Standards Act (FLSA) employees must generally be paid at least federal minimum wage for all hours worked and overtime at a rate of one and a half times their “regular rate of pay” for all hours worked in excess of 40 hours in a workweek. However, white-collar (executive, administrative, and professional) employees are exempt from these minimum wage and overtime requirements.
In addition, the federal government is expected to propose changes to the salary threshold for white-collar exemptions.
Read the full advisory: Overtime Update: Changes to the Virginia Overtime Wage Act and the Fair Labor Standards Act’s White-Collar Exemption Salary Threshold (hancockdaniel.com, May 5, 2022)