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Current Flsa Salary Threshold 2024
Current Flsa Salary Threshold 2024
Starting on july 1, 2024, employees must earn at least $844 per week ($43,888 annually) in order to qualify under the flsa’s exemption for executive,. On april 23, the department of labor (dol) issued its final rule to alter the overtime pay regulations under the flsa.
It will then increase to $58,656 on jan. The united states department of labor (“dol”) released a final rule on april 23, 2024, significantly raising the minimum salary threshold for various exemptions.
Second, On January 1, 2025, It Will Rise To $151,164.
The chart below identifies the.
Revisions Include Increases To The Standard Salary Level And The Highly Compensated Employee Total Annual Compensation Threshold.
It will then increase to $58,656 on jan.
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The Final Rule Increases The Hce Threshold In Two Phases, Raising It To $132,964 As Of July 1, 2024, And To $151,164 As Of.