Flsa Salary Threshold 2024 Exempt
Flsa Salary Threshold 2024 Exempt. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated. Effective next monday, july 1, the salary threshold for exempt workers will increase from the current rate of $684 per week (i.e., $35,568 annually) to $844 per.
Some workers are specifically exempt from the flsa’s minimum wage and overtime protections, including bona fide executive, administrative or professional. Beginning july 1, 2024, the new dol rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay.