Flsa Exempt Salary Threshold 2024. Flsa minimum salary for exempt employees 2024. Department of labor (department) announced a final rule, defining and delimiting the exemptions for executive, administrative, professional, outside sales, and computer employees, which will take effect on july 1, 2024.
And then to $1,128 per week (approximately $58,656. The fair labor standards act (flsa) requires that executive, administrative and professional positions meet a salary threshold (in addition to duties tests), to be considered exempt from the minimum wage and overtime requirements of the flsa.
On January 1, 2025, That Eligibility Expands To Most Salaried Workers Earning Less Than $1,128 Per Week.
The rule will further raise the annualized salary threshold for the exemption for “highly compensated employees” (hce) to $151,164, up from $107,432.
Department Of Labor (Dol) Finalized A Rule On April 23, 2024, Setting The Standard Salary Level For The “White Collar” Exemptions Under The Flsa At $844/Week As Of July 1, 2024 (Up From The Current $684/Week).
On april 23, the department of labor (dol) issued its final rule to alter the overtime pay regulations under the flsa.
On April 24, 2024, The Us Department Of Labor (Dol) Announced The Highly Anticipated Revisions To The Salary Thresholds For The Fair Labor Standards Act’s (Flsa’s) “White Collar” Overtime Exemptions.
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What Are The Salary Thresholds Under The New Final Ot Rule?
And then to $1,128 per week (approximately $58,656.
On July 1, 2024, The Threshold Will Rise To $132,964 Per Year.
For highly compensated employees, the threshold will increase to $132,964 in july 2024, and to $151,164 in january 2025.
Department Of Labor (Dol) Unveiled A New Final Rule That Will Significantly Raise The Minimum Salary Threshold To Qualify For Certain Overtime Exemptions Under The Fair Labor Standards Act (Flsa), Changing Which Employees Will Be Entitled To Overtime Pay And Affecting Employer Compensation Structures.