Minimum Salary For Exempt Employees 2024. Effective july 1, 2024, the final rule increases the minimum salary required for the flsa's executive, administrative and professional exemptions to $844 per week. On april 23, 2024, the u.s.
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. Effective july 1, 2024, the final rule increases the minimum salary required for the flsa’s executive, administrative and professional exemptions to $844 per week.
The Final Rule Is Expected In April, 2024.
Effective july 1, 2024, the final rule increases the minimum salary required for the flsa's executive, administrative and professional exemptions to $844 per week.
Dol Proposes Increase To Minimum Salary For Exempt Employees.
Department of labor issued final regulations updating the minimum salary threshold for employees to be considered exempt from overtime.
Minimum Salary For Exempt Employees 2024 Images References :
Starting July 1, 2024, Employers Must Satisfy A Higher Salary Threshold In Order To Consider Employees As Exempt From Fair Labor Standards Act (Flsa).
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.
The Salaried Need A Budget Boost, Some Amendments Will Help.
On july 1, 2024, the threshold will increase from around $35,000 to $43,888.