Flsa Salary Threshold 2024 Exempt. On april 23, 2024, the u.s. Effective july 1, 2024, the minimum salary for exempt status for eap employees will rise from $35,568/year ($684/week) to $43,888/year ($844/week).
What the final rule does. On april 23, 2024, the u.s.
$132,964, Including At Least $844 Per Week Paid On A Salary Or Fee Basis.
Beginning july 1, 2024, the new dol rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay.
On July 1, 2024, The Threshold Will Rise To $132,964 Per Year.
Department of labor (dol) unveiled a new final rule that will significantly raise the minimum salary threshold to qualify for certain overtime.
Effective July 1, 2024, The Threshold Will Increase To $844 Per Week, Which Is The Equivalent Of An Annual Salary Of $43,888.
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As Summer Looms Near, Employers Of Salaried Workers Would Be Wise To Prepare For Anticipated Increases To The Salary Basis Threshold For Certain Categories Of.
Effective january 1, 2025, the threshold will then.
Currently, The Minimum Salary Threshold For Eap Exemptions Is $684 Per Week ($35,568 Per Year).
The final rule made the following critical changes to the overtime requirements under the flsa:
Department Of Labor (Dol) Unveiled A New Final Rule That Will Significantly Raise The Minimum Salary Threshold To Qualify For Certain Overtime.