Exempt Salary Minimum 2024 , Exempt Salary Minimum 2024. In april 2024, the department of labor (dol) issued its final rule raising the threshold salary requirements under the fair labor standards act (flsa) for employees. The list includes some special districts in states but does not include all of said districts. A further revision will occur, adjusting the salary threshold to. The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week. The Following Is A Comprehensive List Of The 2024 Exempt Status Salary Threshold By State. Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually. As Of July 1, 2024: Starting july 1, 2024, the final rule sets the standard salary level for executive, administrative and professional exempt employees under the flsa at $844 per week. Exempt Salary Minimum 2024 Images References : 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 Outside Of. The rule will also increase the total annual compensation requirement for the highly compensated employee exemption from $107,432 per year to $132,964 per year on july 1,. Starting July 1, 2024, The Final Rule Sets The Standard Salary Level For Executive, Administrative And Professional Exempt Employees Under The Flsa At $844 Per Week. The new minimum salary for exempt employees will be set at $43, 888.00. 2024
Exempt Salary Minimum 2024. In april 2024, the department of labor (dol) issued its final rule raising the threshold salary requirements under the fair labor standards act (flsa) for employees. The list includes some special districts in states but does not include all of said districts. A further revision will occur, adjusting the salary threshold to. The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.