Flsa Exemption Salary Threshold 2024. The biden administration has proposed raising the minimum salary basis. Dol will raise overtime salary threshold to $44k in july, $59k next year the final rule expands overtime pay eligibility to millions of u.s.
For highly compensated employees, the threshold will increase to $132,964 in july 2024, and to $151,164 in january 2025. Department of labor (department) announced a final rule, defining and delimiting.
The Rule Also Provides For Automatic.
On april 23, 2024, the u.s.
The New Dol Final Rule Will Make Three Key Changes To The Flsa Exemptions:
Currently, the salary basis level is set at $684 per week, or $35,568 annually.
For Highly Compensated Employees, The Threshold Will Increase To $132,964 In July 2024, And To $151,164 In January 2025.
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The Rule Also Provides For Automatic.
The weekly salary requirement for white collar exempt employees will then increase to $1,128/week on january 1, 2025.
The New Dol Final Rule Will Make Three Key Changes To The Flsa Exemptions:
The increase will take effect in two stages over six months.
Earnings Threshold Current Amount Minimum Salary Amount Beginning July 1, 2024 Minimum Salary Amount Beginning January 1, 2025;