Exempt Salary Threshold 2024

Exempt Salary Threshold 2024. The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and on january 1, 2025, when changes in the. Increases the minimum salary threshold level for eap exempt employees.

Department of labor (“dol”) released a new final rule that significantly increases the minimum salary threshold to qualify for the executive, administrative, professional, and highly compensated employee exemptions under the fair labor standards act (“flsa”). Estimate how much overtime those employees currently work.