The final rule modifies the salary threshold for highly compensated employees (HCE). The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers.Contact the U. S. Dept. They are focused on not paying any compensation and avoiding liability for employment law violations. If an employee is working in an exempt position, there will be no overtime pay. Pay increase is the same as shown under. If I Am on Salary, Does that Mean I'm Exempt From Overtime? Collective bargaining. 5406 or fill out our online contact form for a consultation regarding your FLSA case. The law states that all nonexempt employees must make at least the federal minimum wage.