Highlights from Demystifying the New Overtime Rules: What Nonprofits Need to Know

Jul 8, 2024

On July 1, 2024  new federal rules went into effect that raise the amount of money an employee must earn to be exempt from being paid overtime, with an additional increase scheduled for January 2025. 

Kellie Gottner from Connectify HR joined us to explain what these new overtime rules mean for local nonprofits, and how to make sure your organization is compliant.

Currently in Iowa, the standard salary level will equal $43,888 annually for exempt employees and $132,964 for highly compensated employees. Effective January 1, 2025, the standard salary level will equal $58,656 annually for exempt employees and $151,164 for highly compensated employees. 

To further evaluate positions being considered for exemption under the Fair Labor Standards Act and to learn more, watch the recorded webinar and view the following resources:

Please find below important takeaways from the training:

• Presentation
• Resources
  • SHRM - FLSA Salary Increase Impact Analysis Guide
  • Salary Increase Impact Analysis Calculator
  • Timesheet
  • Community Foundation FLSA Resources