Salary Threshold For Exempt Employees 2024. The current threshold is a little over $107,000. Executive, administrative, and professional employee salary threshold.
The exemption threshold for these employees will increase from the current $107,432 annually to $132,964 in july 2024, and then to $151,164 starting january. The rule increases this minimum salary threshold, initially to $844 per week ($43,888 per year) as of july 1, 2024, and then to $1,128 per week ($58,656 per year).
Department Of Labor (Dol) Finalized A Rule On April 23, 2024, Setting The Standard Salary Level For The.
Highly compensated employee salary threshold.
On April 23, 2024, The U.s.
Department of labor issued final regulations updating the minimum salary threshold for employees to be considered exempt from overtime.
The Threshold For Exempt Employees Is $43,888 Per Year Or $844 Per Week Beginning July 1, 2024.
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The Threshold For Exempt Employees Is $43,888 Per Year Or $844 Per Week Beginning July 1, 2024.
Following proposed rulemaking in august 2023, the u.s.
Department Of Labor Announced Its Anticipated Final Rule Increasing The Salary Threshold Level Needed For Employees To Be Exempt From.
Changes to the exempt salary thresholds.
Primary Duties Test —Requires That An Exempt Employee Typically.