New Minimum Salary For Exempt Employees 2024. Effective july 1, 2024, the minimum weekly salary for exempt status will increase to $844 ($43,888 annually) and the highly compensated salary threshold will. Department of labor announced its anticipated final rule increasing the salary threshold level needed for employees to be exempt from.
As proposed, the minimum salary threshold for eap. The new minimum salary requirements for exempt executive, administrative and professional employees—your questions answered.
Initially, Effective July 1, 2024, The Minimum Salary For Exemption Will Increase From The Current $684 Per Week ($35,568 Per Year) To $844 Per Week ($43,888.
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Currently, The Minimum Salary Threshold For Eap Exemptions Is $684 Per Week ($35,568 Per Year).
Starting july 1, 2024, the minimum salary requirement will rise to $844 per week, which equates to $43,888 annually.
Similarly, The Annual Salary Threshold For Highly Compensated Employees Will Jump From $107,432 Annually To $132,964 Annually On July 1, And Then To $151,164.
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Similarly, the annual salary threshold for highly compensated employees will jump from $107,432 annually to $132,964 annually on july 1, and then to $151,164.
Some Workers Are Specifically Exempt From The Flsa’s Minimum Wage And Overtime Protections, Including Bona Fide Executive, Administrative Or Professional.
Effective july 1, 2024, the minimum weekly salary for exempt status will increase to $844 ($43,888 annually) and the highly compensated salary threshold will.
Increased Salary Thresholds For Exempt Status Expected April 2024.