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Resource Center>Tools>Overtime Calculator

Workforce Management

Overtime Calculator

Last Updated: May 19, 2024 | Read Time: 2 min

How Do Overtime Laws Affect You?

On April 23, 2024, the DOL announced its new overtime rule which significantly changes how employers classify employees as exempt from overtime pay. The new overtime rules for executive, administrative, and professional employees to qualify for overtime exemptions is $43,888 ($844/week).

With this latest update, employers must decide what is the most cost-effective way to pay employees. Whether it’s raising salaries to meet the new threshold or reclassifying them as nonexempt and pay the overtime, use the calculator below to see how the new overtime rules impact your budget.

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