Dol Exempt Salary Threshold 2024. This rule also increases the salary requirements for highly compensated employees (hce) who normally need to only satisfy some of the duties tests to qualify. Most importantly, it significantly raises the minimum.
The final rule is expected in april, 2024. The dol also seeks to increase the annualized salary threshold for the exemption for “highly compensated employees,” from the current $107,432 per year to.
On April 23, 2024, The U.s.
This rule also increases the salary requirements for highly compensated employees (hce) who normally need to only satisfy some of the duties tests to qualify.
The Salary Threshold Would Increase From The Current $684 Per Week ($35,568 Per.
As a reminder, the dol has proposed the threshold salary level for exemption from overtime be raised from $35,568/year ($684/week) to $55,000/year.
Exempt Computer Employees May Be Paid At Least $684* On A Salary Basis Or On An Hourly Basis At A Rate Not Less Than $27.63 An Hour.
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Effective July 1, 2024, The Minimum Weekly Salary For Exempt Status Will Increase To $844 ($43,888 Annually) And The Highly Compensated Salary Threshold Will Increase To $132,964 Annually.
As a reminder, the dol has proposed the threshold salary level for exemption from overtime be raised from $35,568/year ($684/week) to $55,000/year.
Most Importantly, It Significantly Raises The Minimum.
Exempt computer employees may be paid at least $684* on a salary basis or on an hourly basis at a rate not less than $27.63 an hour.
The New Dol Final Rule Will Make Three Key Changes To The Flsa Exemptions:
