Exempt Salary Threshold 2024 Dol
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 methodologies used to. Starting july 1, 2024, employers must satisfy a higher salary threshold in order to consider employees as exempt from fair labor standards act (flsa) overtime.
In april 2024, the department of labor (dol) issued its final rule raising the threshold salary requirements under the fair labor standards act (flsa) for employees. Department of labor issued final regulations updating the minimum salary threshold for employees to be considered exempt from overtime.