Current Flsa Salary Threshold 2024

The rule increases the minimum salary threshold for most exempt (not eligible for overtime) employees to $43,888 on july 1, 2024, and then to $58,656 on jan. The dol's new rule increases the specified minimum salary amounts for an employee to be exempt from overtime pay requirements.

Effective next monday, july 1, the salary threshold for exempt workers will increase from the current rate of $684 per week (i.e., $35,568 annually) to $844 per. The flsa’s minimum salary requirement is set to remain the same to start 2024, but the united states department of labor (dol) has published a proposed rule.

The Dol's New Rule Increases The Specified Minimum Salary Amounts For An Employee To Be Exempt From Overtime Pay Requirements.

The united states department of labor (“dol”) released a final rule on april 23, 2024, significantly raising the minimum salary threshold for various exemptions.

The Rule Increases The Minimum Salary Threshold For Most Exempt (Not Eligible For Overtime) Employees To $43,888 On July 1, 2024, And Then To $58,656 On Jan.

On april 23, 2024, the department of labor (dol) released a final rule that raises the salary thresholds for certain overtime exemptions under the federal fair labor.

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The Final Rule Is Expected In April, 2024.

On april 23, 2024, the dol published a final rule that raises the minimum salary threshold of the standard exemption for executive, administrative, professional,.

The New Flsa Overtime Rule, Set To Take Effect On July 1, 2024, Represents A Significant Shift For Businesses That Rely On Hourly Workers.

For highly compensated employees subject to the flsa, the salary threshold is going up to $132,964 on july 1, 2024, and then up to $151.164.