Flsa Salary Threshold 2024 Exempt

Flsa Salary Threshold 2024 Exempt. The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and on january 1, 2025, when. To qualify for exemption, employees generally must be paid at not less than $684 * per week on a salary basis.

On april 23, 2024, the u.s. Beginning july 1, 2024, the new dol rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay.