Flsa Salary Threshold 2024. The rule increases the minimum salary threshold to $43,888 on july 1, 2024, and then to $58,656 on january 1, 2025. The changes will expand overtime pay.
Get the essential details on revised flsa overtime rules and what small business owners need to know. The rule also implements automatic.
The Flsa's Minimum Salary Requirement Is Set To Remain The Same To Start 2024, But The United States Department Of Labor (Dol) Has Published A Proposed Rule.
On january 1, 2025, the annual salary threshold for the hce exemption increases to $151,164.
The Final Rule Made The Following Critical Changes To The Overtime Requirements Under The Flsa:
The final rule raises the minimum salary threshold for eap workers to $844 per week or $43,888 per year effective july 1, 2024, and $1,128 per week or $58,656.
Department Of Labor (Department) Announced A Final Rule, Defining And Delimiting The Exemptions For.
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This Will Take Effect July 1, 2024.
The rule is expected to increase the minimum salary threshold for the executive, administrative and professional (eap or white collar) employee exemptions to.
The Rule Will Also Increase The Total Annual Compensation Requirement For Highly Compensated Employees (Who Are Not Entitled To Overtime Pay Under The Flsa If.
In 2016, a similar proposed change would have moved the salary threshold from $455 per week ($23,660 annualized) to $913 per week ($47,476).