Exempt Salary Thresholds Above The Flsa 2024. On july 1, 2024, the threshold will increase from around $35,000 to $43,888. On july 1, 2024, the standard level will increase.
1, 2025, the threshold will rise further to $1,128 per week ($58,656. Increased salary thresholds for exempt status expected april 2024.
Department Of Labor (Dol) Published A Final Rule Establishing New Minimum Weekly Salary Thresholds For Exemption Status Under The Federal Fair.
On july 1, 2024, the standard level will increase.
Increased Salary Thresholds For Exempt Status Expected April 2024.
Effective july 1, 2024, the salary threshold will increase from the current $107,432 per year to $132,964 per year.
Some Workers Are Specifically Exempt From The Flsa’s Minimum Wage And Overtime Protections, Including Bona Fide Executive, Administrative Or Professional.
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It May Mean That You Need To Change Your Employees’ Classification.
Increased salary thresholds for exempt status expected april 2024.
$107,432, Including At Least $684 Per.
The rule will further raise the annualized salary threshold for the exemption for “highly compensated employees” (hce) to $151,164, up from $107,432.
