Flsa Exempt Salary Threshold 2024 By State. The fair labor standards act (flsa) requires that executive, administrative and professional positions meet a salary threshold (in addition to duties tests), to be. Department of labor (“dol”) released a new final rule that significantly increases the minimum salary threshold to qualify for the.
Additionally, final rule applies to the salary for the computer professional. Employers should adjust their minimum exempt salary to $58,458.40 annually ($1,124.20 weekly) to reflect the increase that took effect january 1, 2024 in areas.
Employers Should Adjust Their Minimum Exempt Salary To $58,458.40 Annually ($1,124.20 Weekly) To Reflect The Increase That Took Effect January 1, 2024 In Areas.
Some workers are specifically exempt from the flsa’s minimum wage and overtime protections, including bona fide executive, administrative or professional.
This Will Take Effect July 1, 2024.
The july 1 increase updates the present annual salary threshold of $35,568 based on the methodology used.
1, 2025, The Total Compensation Threshold Will Increase To $151,164, Which Includes At Least $1,128 Per Week Paid On A Salary Basis.
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Department Of Labor (Dol) Unveiled A New Final Rule That Will Significantly Raise The Minimum Salary Threshold To Qualify For Certain Overtime.
Following proposed rulemaking in august 2023, the u.s.
Employers Should Adjust Their Minimum Exempt Salary To $58,458.40 Annually ($1,124.20 Weekly) To Reflect The Increase That Took Effect January 1, 2024 In Areas.
On april 23, 2024, the u.s.
Department Of Labor (“Dol”) Released A New Final Rule That Significantly Increases The Minimum Salary Threshold To Qualify For The.