Retailers Raise Concerns About New Overtime Rule

Today the Department of Labor (DOL) published its final rule updating the minimum salary threshold and overtime requirements under the Fair Labor Standards Act (FLSA), with an auto-escalator every three years. 

“Retailers are concerned with the approach, the substance, and potential impacts of the DOL’s final overtime rule. In pushing forward with a rule that rejects sensible comments from the nation’s largest employers and neglects the realities of today’s economy, the DOL takes an overzealous and unreasonable tack, favoring a controversial and legally dubious methodology to score political points.

“The retail industry offers individuals at all career stages an opportunity for flexibility, choice, and upward mobility. However, the DOL’s final rule serves to hinder growth and limit the very flexibility that workers want."

RILA submitted comments to the Department of Labor in November 2023 outlining the industry’s full concerns with the proposed rules. See full comments here.

RILA is a trade association of the world’s largest, most innovative, and recognizable retail companies and brands.  RILA members include more than two hundred retailers, product manufacturers, and service suppliers, who together employ over 42 million Americans and account for $2.7 trillion in annual sales and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad. 
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